Re: OT: Buying a house
Otis,
Actually the "tossing away" fact you are missing is how little equity is gained in most loans during the first few years. That is where most first time buyers are woefully misguided wrt loan structures. The cost of maintenance is much more widely understood.
Gamble is not the correct word. It is an investment that carries substantial risk but terming it a gamble is highly misleading.
How is house buying like car buying? That made no sense to me.
J
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