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re: Is it always best to put 20% down on a house to avoid PMI?
Posted on 11/19/20 at 2:29 pm to jimbeam
Posted on 11/19/20 at 2:29 pm to jimbeam
quote:
Ok and if I rented during that same time period, I would've spent 80k with no return.
You do realize all the money you spent on interest, maintenance, transactions, etc could have been put into a different investment vehicle while you rented and made a return, right?
1
Posted on 11/19/20 at 3:18 pm to Texas Tea 123
You do realize that my mortgage payment with principal, interest, pmi, insurance, and taxes was the same amount as if I had rented the same house? And I probably spent less than $1000 in maintenance in the 2 years I owned it.
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