Quote:
Originally Posted by ken0042
And where would you have lived in the mean time? Let's say your rent would have been $500-1000 more than your interest payments on your mortgage. times 18 months that's $9000-18,000 you would have had to pay.
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Renting would've been much cheaper than buying. In 18 months you pay almost nothing on your principal and the interest on a ~250K mortgage is pretty hefty, plus you need to add the condo fees as well.