re: WSJ: There’s Never Been a Worse Time to Buy Instead of Rent (Housing Market board)

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For most people under the age of 30 (and single people that are older than that) it is smart to rent. You are paying for a place to live.

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Exactly. Once you settle down in your job and personal life, get some stability and figure out where you want to live then you look at buying.

People are looking at the last 8 years or so and think that’s the norm. We’re obviously in a massive asset bubble and when it corrects it’s going to be a doozy. There were a shitload of people that overpaid prior to 2008 that were instantly upside down in their houses.