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<blockquote data-quote="Rel" data-source="post: 2719213" data-attributes="member: 99">I agree with this (from the standpoint of somebody who used to be an appraiser).&nbsp; If home prices are as low as you imply in your area then I wouldn't expect there to be a strong rental market.On the other hand, if you're planning on being in the area for more than just a couple years, and if the prices are in the range that you're suggesting, I'd seriously consider buying a home instead of renting.&nbsp; Unless you're staying with a relative (or a home owned by a relative) for free (or close to it) then your monthly mortgage is going to be comparable to a rental.&nbsp; Depending on how much money you and your wife make and what other debts you have, you could pay down a 40K mortgage very quickly and own that home free and clear within just a few years.About that, let me say this:&nbsp; I've got a small business and a mortgage.&nbsp; I'd be happier if I didn't have to pay that mortgage. <img src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f609.png" class="smilie smilie--emoji" loading="lazy" width="64" height="64" alt=";)" title="Wink&nbsp; &nbsp; ;)"&nbsp; data-smilie="2"data-shortname=";)" /></blockquote>

[QUOTE="Rel, post: 2719213, member: 99"] I agree with this (from the standpoint of somebody who used to be an appraiser). If home prices are as low as you imply in your area then I wouldn't expect there to be a strong rental market. On the other hand, if you're planning on being in the area for more than just a couple years, and if the prices are in the range that you're suggesting, I'd seriously consider buying a home instead of renting. Unless you're staying with a relative (or a home owned by a relative) for free (or close to it) then your monthly mortgage is going to be comparable to a rental. Depending on how much money you and your wife make and what other debts you have, you could pay down a 40K mortgage very quickly and own that home free and clear within just a few years. About that, let me say this: I've got a small business and a mortgage. I'd be happier if I didn't have to pay that mortgage. ;) [/QUOTE]

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