Quote:
Originally Posted by GGG
Rent vs Interest plus tax plus maintenance +/- appreciation
That’s it. The fact you own something at the end is not material to the cost calculation as the capital payment of the loan is a revenue neutral transaction. You false assumption is that cost of Rent = cost of mortgage payment. The difference in cost between the two options will determine which one is better.
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Nah, I am pretty sure that majority of people come out ahead by buying.
Formulas for rent/buy are great on paper.
And everyone is a great investor on a public message forum. Until we get to see those T5s it's all just talk LOL.