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Started By
Message
re: RENTING =/= THROWING MONEY AWAY!
Posted on 2/3/09 at 1:04 pm to TigerintheNO
Posted on 2/3/09 at 1:04 pm to TigerintheNO
quote:
English Turn?
Cmon, English Turn is practically its own town.
0
Posted on 2/3/09 at 3:08 pm to Martavius
quote:No. The only way age figures into this is that the note they paid was extremely low, compared to current times. I am not supporting your point.
If you live in Texas that may be true. I'm talking about the rest of the nation. Specifically, In Louisiana that is not true, unless they're talking about their tax equaling one payment. Also true if they're very old. But, the point is not valid.
--------------------------------------------------------------------------------
So it's true but not valid....got it.
Posted on 2/3/09 at 5:17 pm to Herb
You and the other guy come up with some goofy shite to try to prove a point.
Umm OK. So paying off a 30 year mortgage wouldn't qualify for this scenario huh?
Let's say you bought a house in 1970 when the median home price was $23,400. In 2000 when you paid your last payment, your house is now worth national median which is $169,000.
Are you still not supporting my point? I'm not sure I can simplify it much more.
quote:
The only way age figures into this is that the note they paid was extremely low, compared to current times.
Umm OK. So paying off a 30 year mortgage wouldn't qualify for this scenario huh?
Let's say you bought a house in 1970 when the median home price was $23,400. In 2000 when you paid your last payment, your house is now worth national median which is $169,000.
Are you still not supporting my point? I'm not sure I can simplify it much more.
Posted on 2/4/09 at 3:34 am to CE Tiger
quote:
i'm starting to come over to this side of the line. i have always thought that if i am paying $1100 a month rent, then I might as well pay $1600 a month and build up equity and then i'd get my money back when I sell. now I am thinking that with a downpayment, insurance costs, mortgage that what i would pay renting for a few years wouldn't equal to the interest i'd be paying on the mortgage plus all additional costs to own.
I'm look for a home now and I'm going for paying less than what I pay in rent for the note, taxes, and insurance. If I can't do it for less I will keep renting.
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