4 ms·
Unfortunately you are incorrect on your first point as you are ignoring property taxes. Taxes are relatively low where I live (Boulder, CO) and on my property
by hesdeadjim 13y ago
Unfortunately you are incorrect on your first point as you are ignoring property taxes.
Taxes are relatively low where I live (Boulder, CO) and on my property I still have to pay $500 a month in taxes. If I lose my job and my ability to pay, it doesn't matter if I fully own my house as the government can just take it from me if I am delinquent for too long.
I am totally against house ownership unless you have enough money to put up a large down payment and enough to also withstand fluctuations in your ability to pay -- otherwise it really seems like a sucker's bet to me.
- snowwrestler 13y agoIf you were renting the same property, would your rent be $500 a month? I doubt it, so even with property taxes you're still better off than renting.
- userulluipeste 13y agoWhen you are a house owner, pay the property tax and have a house to let, you do not really dictate the renting price. You may try, but in the end you can only have the highest bid. Won't you rent just to alleviate the ownership costs? When so many got in the house-ownership game it become pretty much the renter's market. The renter can be choosy, you - can not.