[quote=hslinger] ….Can I borrow your time machine?[/quote]
Sure. It just needs an anti-gravity drive right now, so bring a spare one of those 🙂
As for the analogy with rent, well that’s the difference between renting and buying. Renting is paying a little every month, for the use of the property every month. Buying is paying everything up front for all future use of the property.
Financing is the process of borrowing money to make buying feel a little closer to renting. Modern Americans, especially in the worst bubble zones where prices have become unaffordable, have come to rely so heavily on financing that they think that buying is the same as financed buying.