Michael Choe believes in homeownership. He bought his first place fresh out of college. Yet these days he's doing something he never thought he would do again: renting. With a new baby, Choe, 39, and his wife badly wanted to buy a larger house. But, says Choe, "the market has gone too high too fast. Compared to owning, rent is cheap."
Is he serious? Choose to rent when owning seems a sure way to riches? On closer view, he just may be on to something. The Choes sold their tiny ranch in Sacramento, Calif., for $369,000, or nearly twice what they...
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