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re: Renting vs owning
Posted on 4/7/13 at 11:39 am to Doc Fenton
Posted on 4/7/13 at 11:39 am to Doc Fenton
I just bought my first house.
2100sq ft, 3br for $155. Mortgage with taxes/insurance is around $870 a month. 0 down with a VA loan.
It would cost rent to rent.
2100sq ft, 3br for $155. Mortgage with taxes/insurance is around $870 a month. 0 down with a VA loan.
It would cost rent to rent.
1
Posted on 4/7/13 at 11:49 am to wegotdatwood
You've left out the down payment that many do have to put down. As in, you got 0 down because of you unique situation that I would guess a majority don't have.
Also you left out taxes and upkeep which the renter doesn't separately pay. your 870 mortgage is not equal to 870 rent since the renter is paying taxes, etc in his rent already while you are not.
Of course, there is the square footage issue as well, gotta get that comparable obviously.
Also you left out taxes and upkeep which the renter doesn't separately pay. your 870 mortgage is not equal to 870 rent since the renter is paying taxes, etc in his rent already while you are not.
Of course, there is the square footage issue as well, gotta get that comparable obviously.
This post was edited on 4/7/13 at 11:52 am
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