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One of the best things about renting is that it's easy to change your mind either by buying or renting somewhere else. Living in a PPOR greatly diminishes the ability to choose without significant financial impact. IMHO, you're on the right track.

I’m a long term renter, frequent investor and I wouldn’t have it any other way. There was a small period there while rates were so low that the cash flow argument for renting wasn’t as strong but the tables are turning around again. How strong the rental argument is depends very much on the...