re: How much rent can a young person afford on 60k income?

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if you mortgage a house you will pay virtually all interest in the front end of the loan!!!!! It's like rent except you are responsible for all your own upkeep/property taxes/ etc.......

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Well yeah, that's why you don't buy when you are only going to be there for a couple years.

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If you can do like me and find a cheap apartment your first few years out of school... "mine was $425/month" It is a much better deal than buying a home for $1,2000 a month.

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Difference is, my $1400 rent would be buying a much better house.