Quote:
Originally Posted by Flejszon
Not saying that buying a house is a bad investment, but in your calculation of profit, did you account for all the expenses you wouldn't have paid had you rented rather than purchased?
Interest expenses, property taxes, condo fees, miscellanous upkeep expenses, real estate fees?
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Not sure why interest matters when I'm not paying it? I am also not paying the property taxes. The renters more than account for all of my expenses and when I do decide to sell the realtor fees will be a drop in the bucket. Sure in the time I own it I will probably have to change a few carpets or even the entire bathroom but that really isn't much in the grand scheme of things,