Originally Posted by
Till
Just giving a reassurance that things are going to blow up in the housing market. Mortgage is better in the long term, you're going to pay for housing anyway and aren't affected by arbitrary rent costs from price gouging landlords that switch on you every time another one buys the property just to double your rent like you work for a landlord as a slave. Buying one home gives you equity to buy more property to rent out.
An analogy is rent is like a cheap motel and mortgage is an investment.
Edit:// By the way. Rent for a one bedroom apartment in Miami can go as high as $2400. If people here can pay that rent with a good paying job you can afford a mortgage there with financing. Especially if you start a 3D printing small business selling trinkets on the Internet(as a front) produced at home it qualifies for a small business loan for financing. And people might buy your trinkets.