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@withered_preacher
I'm speaking here of Canada, but everything I've read concerning rent vs owning says that ownership costs more in the long run. So don't do it strictly for monetary reasons. That said, we bought in 91 and paid it off by 98, with our gross income at the time around $45,000. Of course, we've since put a new roof on, new weeping tiles, exterior foundation/basement insulation, new furnace, 3 new water tanks, exterior re-paints, new electrical, new plumbing: the hole is large, puts me in mind of a Handsome Family song...http://www.youtube.com/watch?v=6y9wQGkkVgo