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But why would you pay $5270 for the priveledge of owning the house, rather than renting it for $4500? Also keeping in mind, that number is only PI (principal +
by jdmichal 8y ago
But why would you pay $5270 for the priveledge of owning the house, rather than renting it for $4500? Also keeping in mind, that number is only PI (principal + interest). You still have all the nice incidentals of ownership like insurance, property taxes, and maintenance that are included in that $4500 rental.
- sjg007 8y agoWell, you could possibly rent out part of the house. Same as splitting an apartment with a roommate. You would want a situation where your total cost is less than $4500. You have the option of selling later at a higher price (it is a risk though).