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To: SeekAndFind

I can’t possibly see how renting would be a better solution especially in the very long run. Let’s say you buy a home at 30 years old and have to pay 2200 a month for 30 years plus property taxes and insurance at 4700 a year.

At the end of 30 years, you own a home and even if you have to pay 8000 a year for the property taxes and insurance, you are still better off....of course you still have maintenance, but I still think that the saving of close to 24000 dollars a year for the mortgage saves in the end even with maintenance costs. The highest maintenance cost for a house is the roof every 30 years for 20 grand.


23 posted on 05/27/2014 7:41:05 AM PDT by napscoordinator (Governor Scott Walker 2016 for the future of the country!)
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To: napscoordinator

That’s why rent vs. buy calculators tend to factor in the length of time that you expect to stay in the same place.


32 posted on 05/27/2014 7:47:24 AM PDT by 9YearLurker
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