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From a new-buyers perspective (i.e. my own) this is actually good advice. Right now an average sized house is about as much to rent as it is to buy with a mort
by ErrantX 16y ago
From a new-buyers perspective (i.e. my own) this is actually good advice.
Right now an average sized house is about as much to rent as it is to buy with a mortgage (at least here in the UK anyway). There is no sane way anyone should be renting a whole house.
- charleso 16y agoIf, on top of your mortgage interest, you add in property taxes, property maintenance (2-5% annually?), brokerage fees and the gains foregone in purchasing property rather than bonds, is it still good advice?
- ErrantX 16y ago> You add in property taxes, property maintenance (2-5% annually?), brokerage fees and the gains foregone in purchasing property rather than bonds, is it still good advice? I should have mentioned; my calculations included most of those extras. To be honest, though, the only important thing is what you are paying out in total each month.