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Message
re: Renting vs owning
Posted on 4/8/13 at 8:49 am to Siderophore
Posted on 4/8/13 at 8:49 am to Siderophore
quote:
Am I missing something?
You make some good points, but it also matters where and when you buy... I just bought my second home and have made a killing already.
1st Home: Bought in 2003 for $118k, sold in 2009 for $147k
Current Home: Bought as foreclosure in 2011 for $205k, it currently appraises for $250k... Plus, rent estimates are about 2k a month whereas I pay about 60% of that in Mortgage, Taxes, Insurance, etc...
So in my situations, it has been MUCH MUCH MUCH smarter to buy than rent.
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