[mEDITate-OR:
stop questioning your life style assumptions..., economically, of course.
Maybe even to giving up your day jobs...
bcuz, you do see, do you not, that where you live...
while you work and after you retire...
matters..., a lot
But, oddly, what has changed is the price & cost of owning a home.
What is also about to change is the cost of renting.
Bcuz of the RE collapse, single family homes are, in some place, real bargins.
However, what we are also seeing is that the RE loans for apartments, and for the construction of condos, has markedly changed, and will change even more so over the next 2 to 5 years.
There is not money available for buyers of condos, so the builder/lenders have to rent them.
And, with the competition from foreclosures, many apartments RE loans are so underwater, with vacancies, and collapsing land values, that they are being foreclosed on, too.
Rents are now dropping in high foreclosure areas at alarming rates.
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Should you rent or buy?
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