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Jack Hough of Smart Money weighs the pros and cons of renting versus buying a house, and concludes that renting is better. He gives 5 reasons:
1. Houses produce lousy returns, while stocks produce good ones
2. House prices have further to fall
3.Many houses for sale today seem designed to waste money
4. Big houses are targets for future taxes
5. Neighborhoods are changing in unpredictable ways
As a renter and a former buyer (twice), I tend to agree with him. What do you all think?
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