LogFAQs > #983258514

Seanchan posted...

At an 8% investment rate of return, Owning is only cheaper after ~24 years

That's buying all cash, or with a 7% mortgage at 20% down?

The gulf between rent and mortgage is the biggest factor for that, and it's large enough now on most markets that buying can be profitable in 5 years or even less.

Buying all cash sucks as an investment, but it's often the only way to get the best houses. No one who buys all cash regrets it. They are automatically in the upper echelon of society.