I was shocked when some clients told me the amount they pay to rent a rental unit. The place was just 2 bedrooms and the rent was about $1800. With that amount, they would be much better off buying a house and paying a mortgage. At least the mortgage will pay them back tax dollars at the end of the year, whereas rent money just disappears.
With all that we hear on the news of individuals and families facing foreclosure, it makes 
many individuals a little nervous about taking action. However, while the media is playing up the disaster and tell us the sky is falling, there are some intelligent folks out there taking this opportunity to dump their rental unit and purchase a home while the prices are low and very negotiable and the interest rates are still quite decent.
