Re: If you can afford to buy a house/condo should you do it to avoid rent?
Usually buying a house isn't worth it unless you're going to stay for at least 5 years. Whether or not you should buy a house right now is a tough call. It mostly depends on your market. In a down market that is projected to remain down for some time, it is probably NOT the time to buy for a 5 year holding period. In that market it is a great time to buy for a longer holding period though.
But many markets are appreciating normally. In a market that is still showing normal (4-7%) appreciation, buying for a 5 year holding period is probably fine.
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