Quote:
Originally Posted by Radley77
In fact, if you invest the difference between renting and buying, you'd be significantly ahead over 30 years by renting.
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Well for what rents are today I'd be looking at $1800 a month plus utilities to rent the house I live in. My cost is $1300 a month for the mortgage (house bought 2 years ago) and taxes are an additional $250 and maintainance is likely another lets say $500 to account for any reno's I'd do over the next 25 years. If I can invest $200 a month and have $400 grand....Please tell me Where the bleep I find such a fantastic investment.
I understand that prices may correct a bit, and if your house is an ivestment than yeah....there are better things to invest in. But by owning it is a lifestyle choice for some people. Me for example there isn't a person around who will rent to me because I have 2 big dogs. They'd rather rent to a crack addict with no pets even though I can pay the rent. So my choice is own a house or get rid of my dogs.