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PL, here is the fallacy:
"paying a mortgage with interest, property taxes, maintenance and all the other mandatory costs that go above an beyond the cost to rent"
Long term over the life of a 30 yr mortgage, these costs are always lower than the cost to rent a similar living space. This is an important distinction often overlooked in investment planning. Buffett agrees.
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2009 Cayman 2.9L PDK (with a few tweaks)
PCA-GPX Chief Driving Instructor-Ret.
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