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A comment on The Terrifying Reality of Long-Term Unemployment. Parent comment

Re:The Terrifying Reality of Long-Term Unemployment by nilkn on Monday April 15, 2013 @10:13PM (#5555767)
That's an excellent point, but a mortgage is not the only route to true home ownership. You could work and rent in a city with high salaries and low rent vs. purchase prices, then retire in a very cheap area where you can just buy a house with cash saved up, thereby paying no interest whatsoever on the house and keeping maximum mobility during your career.
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Re:The Terrifying Reality of Long-Term Unemployment by fragsworth on Tuesday April 16, 2013 @03:14PM (#5560167)
> a city with high salaries and low rent vs. purchase prices

This is not easy to find and the market typically corrects itself over the course of a few months to a year, unless there is rent control.

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