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SVTPerformance's Chain of Restaurants
Road Side Pub
The housing market
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<blockquote data-quote="gasyone" data-source="post: 15854435" data-attributes="member: 153455"><p>Buying a home is no longer a good investment like it was 25+ years ago. Mortgage and rent are about the same cost today however when you factor in repair costs in some cases renting can make more sense especially when housing is at al all-time high. Those of us who bought in 06-07 before the burst know this well. I paid $325k for my home back in 07. 2600sqf on 5.38 acres about 30 miles west of Richmond VA. Just this year the market has come back where I can get slightly more than I paid for it. Replacing however wouldn’t be a smart move as the market will correct soon as the prices have gotten so high the average person can not afford a home or they become home poor and don’t have spendable cash. Either way buying a home in today’s world is for sure a risk. </p><p></p><p></p><p>Sent from my iPhone using svtperformance.com</p></blockquote><p></p>
[QUOTE="gasyone, post: 15854435, member: 153455"] Buying a home is no longer a good investment like it was 25+ years ago. Mortgage and rent are about the same cost today however when you factor in repair costs in some cases renting can make more sense especially when housing is at al all-time high. Those of us who bought in 06-07 before the burst know this well. I paid $325k for my home back in 07. 2600sqf on 5.38 acres about 30 miles west of Richmond VA. Just this year the market has come back where I can get slightly more than I paid for it. Replacing however wouldn’t be a smart move as the market will correct soon as the prices have gotten so high the average person can not afford a home or they become home poor and don’t have spendable cash. Either way buying a home in today’s world is for sure a risk. Sent from my iPhone using svtperformance.com [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
The housing market
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