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  Renting has traditionally been a much cheaper option than owning in most markets. However, one major disadvantage of renting is having no control over the disposition of the property which often results in being forced to vacate and move. This is a large part of the reason many people bought homes and signed up for subprime mortgages with introductory teaser rates and drastically escalating interest of adjustable rate loans during the recent debacle. Home ownership with accompanying "control" remains the American dream. It's difficult to fault those otherwise unable to qualify for loans who jumped at the chance at home ownership when the subprime carrot was dangled. Renters benefit from a soft housing market, but are often disadvantaged during home market upswings when lessors opt to cash out equity in properties which appreciated exponentially and new owners either wish to live in the homes or...
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