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Old 06-02-2010, 04:08 PM
AGDee AGDee is offline
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Join Date: Aug 2003
Location: Michigan
Posts: 15,847
Because a house is a secured loan. They can take it away from you if you don't pay. Rent however, is not. If you don't pay, that's imply income lost while you use resources and live there for free. It's more crucial to a landlore that you pay on time than it is to a bank.
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