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Los Angeles Times: For renters, buying a home pays off after three years on average

By Alejandro Lazo. Real estate website Zillow says the 'break-even horizon' for potential home buyers varies widely depending on location.

August 02, 2012

...Richard Green, director of the USC Lusk Center for Real Estate, added that in many regions buying has become increasingly attractive compared with renting. There are also non-financial reasons for buying.

"I can enjoy living in this house for the rest of my life, and nobody can throw me out of it," he said. "You are consuming something, and you have control over it, and control has some value..."

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Link: Los Angeles Times | Business