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There is a thing I would like to buy called "having my kid grow up in a stable environment in a nice town with a nice school" that I would probably pay $5M for.
by foobarian 4y ago
There is a thing I would like to buy called "having my kid grow up in a stable environment in a nice town with a nice school" that I would probably pay $5M for.
Luckily attaining this only requires a few thousand bucks a month for a mortgage and maintenance on a property in exactly a place like that. So I actually get a great deal, for $500k I get $5M value. If I rented so I can invest the difference, I doubt I could make $5M.
- xur17 4y ago> There is a thing I would like to buy called "having my kid grow up in a stable environment in a nice town with a nice school" that I would probably pay $5M for. Which is fair, and makes total sense, but to GP's point, there are people for which renting an apartment does make more sense. Example: I'm single and rent a 2 bedroom apartment. Every time I've run the numbers on buying a house in a similar area of town, it ends up costing me more because I'm buying things I do not want (a yard, a garage, extra rooms, etc).