Is now the time to buy a home? House values are down and rental prices are up. If you are planning on renting a while, it may make more sense to buy a home. Consider the higher rent that you will be paying and how much you would pay down on a home at the same monthly expense. In addition, rental prices per month can be higher than a monthly mortgage and you have ownership.
Renting does not provide you any equity with your money, you just throw it away, buying for the long term investment will make you money. Buy low and sell when prices rise again...and they will.
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