[quote=walterwhite]and what is this”it’s the same as rent” thing? that statement is meaningless without determining what the down payment is. I mean, yoou could have bought the finest house in La Jolla at the peak of the bubble for same as rent. you just ahd to put 90% down. Sure, if I put a huge amount of money at risk, i can get it same as rent. but, yeah, with 20% down, it’s cheaper than renting that same place. If you could rent it. It’s almost too nice to be a rental. it would be a high end premium fancy rental.[/quote]
FWIW, I assumed it was for 10-20% down, when I posed the question.
But, your point is taken. A refinement for what was my simple point: If for $X down you can finance for ~ same as rent. Then in 30 years you will have essentially bought the house for the $X down (in 2010 dollars).
