When is renting not money down the drain?

Asked by Trulia New York, New York Tue Apr 23, 2013

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3
Christopher…, Agent, Tarrytown, NY
Wed Apr 24, 2013
BEST ANSWER
When mortgage rates are very high and lending is tight.

Chris
1 vote
Mirza Shafiq…, Agent, New York, NY
Wed Apr 24, 2013
When you're only staying short-term.
1 vote
Joseph Hasti…, Agent, Bayside, NY
Wed Apr 24, 2013
The obvious reply is...when you cannot afford to purchase. The first indication of such would be by knowing if you have enough downpayment, additional assets and very good credit.
0 votes
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