Listeners Respond: Renting vs. Buying

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The poor economy means it's a good time to buy a house, but it also means that fewer people can actually afford this kind of investment. Yesterday, Takeaway contributor, Beth Kobliner outlined the pros and cons of house ownership in a shaky economy, and listeners responded.

Payam from Providence, Rhode Island wrote on our website:

"People shouldn't be lulled into a false sense of security, thinking that because a mortgage may be cheaper than rent that they can afford to buy a house. Renting is easier until you are financially set. Recession or not."