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Cheaper to rent

Been searching for a house near metro Atlanta Georgia for 4 months now. If it ain't the house prices then it's the insane high property taxes. 400k houses have like 6-8k of taxes annually, that's 400-600 a month th you're essentially giving to the county - insane. Generally, 6.5% interest with 20% down on a 400k house is 2600-3000 a month. Today I searched rentals around the same area, houses similar size, and they are 1900-2400 max. WTF. Does it even make sense to buy a house when you can rent one for cheper?

submitted by /u/Diamond_Wonderful
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source https://www.reddit.com/r/RealEstate/comments/1ij0uhx/cheaper_to_rent/
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