I can safely say that since we started renting in 2005, I have lost $24000/year on rent, that’s $72,000 over the last 3 years!
But I have avoided buying at the peak and saved over $200k in lost equity as well. and that’s not counting the carrying costs of interest rate, hoa, mello roos, and property tax.
we know this neighborhood is only going to go further down next year. don’t get rushed into things by your REALTOR (R). he or she doesn’t sound like they have your best interst at hand.
