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The problem I have with renting is there's no way to improve your lifestyle without spending money on pure consumption items.
No way is too strong of a word but I see where you come from. To be honest, I might have bought a house with 3.5% down had I live in a non-recourse state. Living in a recourse state makes me think twice.
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Unless you assume the housing price and/or rent will be going up quickly, I do not see the drawbacks of renting from a FINANCIAL point of view. However, I understand people have their own situations so discussions are welcomed here.
#housing