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$2000 mortgage $140 lawn care $58 warranty Instead of paying the $1,800/month, you are now paying $2,200/month.
by moorhosj 9y ago
$2000 mortgage
$140 lawn care
$58 warranty
Instead of paying the $1,800/month, you are now paying $2,200/month.
- scarface74 9y agoYes, but the rent will keep rising with market prices and we were living in the most sought after part of town -- the most affluent city in the state. The mortgage will never increase and is excellent inflation hedge. The property taxes may increase slowly but after 5-7 years, we can get rid of the approximate $300 a month in PMI. We also have 1300 more square feet, a separate house with a yard instead of an apartment, 2 more bedrooms, 1-1/2 more baths, a separate office and we don't pay the mandatory $100 a month for crappy cable and capped internet from Comcast -- as part of the lease, you had to pay for cable. We pay $70 a month for gigabit internet from AT&T. Heck I save $80/month by getting rid of my gym membership and converting one of the spare bedrooms to a gym.