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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2558025, member: 71723&quot;]Yes, <b><i>going forward from here, </i></b>renting makes far more sense than buying a home.</p><p><br /></p><p>Why?</p><p><br /></p><p>There is a rule of thumb in real estate - buying and selling costs eat up about 7 years of <b><i>typical</i></b> capital gains on homes; more years in slower cap gains times, and fewer in higher. I don&#039;t believe being &quot;tied to&quot; <b><i>any</i></b> fixed location for 5-15 years going forward is a wise decision.</p><p><br /></p><p>In my ex-wife&#039;s case, she bought at the very tippy top of our local real estate market, when &quot;liar loans&quot; were all the rage (she actually HAD a very good-paying job), and she rode the housing bubble demise into abject poverty. Bankruptcy, foreclosure, the whole bit. All she could do was &quot;walk away jingle mail&quot;. She had NOTHING, NEGATIVE EQUITY for 7 years as a homeowner.[/QUOTE]</p><p><br /></p>

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