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re: Lets talk about the housing bubble
Posted on 3/1/18 at 11:39 am to cokebottleag
Posted on 3/1/18 at 11:39 am to cokebottleag
quote:
If you're looking at swapping a $1,200 a month apartment for making a payment on a mortgage of $2,000 a month, and you're paying $600 in interest, $900 a month in homeowners insurance and taxes, you'd be better off financially in the apartment.
Sure. There are plenty of ways to make an apartment more financially beneficial than a house. You're lying though if you argue that buying a house isn't/can't be better financially than renting your entire life.
1
Posted on 3/1/18 at 11:45 am to GoCrazyAuburn
quote:
Sure. There are plenty of ways to make an apartment more financially beneficial than a house. You're lying though if you argue that buying a house isn't/can't be better financially than renting your entire life.
Of course it can. If you buy a house and never leave.
If you're going to buy a house and then move about every 5-7 years and reset your 30 year clock (like many people of the boomer generation) then you're just renting with debt.
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