Quote:
Originally Posted by LEG1T
How so????
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When a person pays rent, it is not a waste of money, that is the cost of living. When you make payments for a home using a traditional bank financed method, part of that money does go towards paying off the house, but an equal or more amount goes to the bank, insurance company, the city and other services. Additionally, you take on the responsibility for maintenence. Of course it dpends on the area you are in and whether or not the numbers work out.