I live in a desirable neighborhood. To rent would cost me at least $5000 a month.I only pay property tax now. I bought a modest home in a wealthy neighborhood, fixed it up, and my value has doubled.
Don't compare the rental cost to your cost of ownership under your circumstances. Compare the rental cost to the cost of ownership if you were to buy the home today.
17 posted on 09/14/2014 11:08:09 AM PDT by Alberta's Child
("What in the wide, wide world of sports is goin' on here?")