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You've gotta live somewhere. If I was renting I'd be paying about 2X what I'm paying for the mortgage on the house I bought 11 years ago. That would cut how muc
by UncleOxidant 6y ago
You've gotta live somewhere. If I was renting I'd be paying about 2X what I'm paying for the mortgage on the house I bought 11 years ago. That would cut how much I could invest in other areas like stocks. I don't see it as an either/or situation - you can own and you can invest.
- diogenescynic 6y agoBut what about property taxes and maintenance costs? Yes, you may pay less comparing just the mortgage payment to rental payment but there are other costs. I just don't know that it's as straight forward as it used to be unless you live close to good jobs and never plan to move.
- UncleOxidant 6y agoI'm including property taxes in that number. Sure, maintenance isn't included in that number - I figure about $200 to $300 / month for that. In another 2 years my mortgage will be paid off and then I can even up that maintenance number to include some potential remodeling.