Letters to the Editor
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laugh it up nimrod!
"ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha! ha!
I can laugh, because I've been renting all along through the mania. I recognized about 4 years ago, that if the mortgage for a new home is about twice that of renting the same home, then buying a home has no investment merit."
Go ahead, laugh. My mortgage is lower than your rent. So while you pay more to make someone else rich, I pay less to make myself rich. And your rent is only going to go up, and my mortgage is going to stay the same, no matter what. So while my home may not be a get rich "ponzi" scheme, it's still a nice place to live.
So don't rule out squatting just yet mister cool, your rent is about to rise. I hope you don't mind spending all that money you saved on someone else's mortgage.