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Mortage vs Apartment living cost
Ms Sans Serif
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[quote:STARLING:MV8yMTQyODUzXzM2MTkyNzkxXzQzMEY0RjI0] [quote:--Voltaic--:MV8yMTQyODUzXzM2MTkyMjI4X0RGRUNFQ0Ew] Mortgage payments build equity, rent is lost for good. You can never get wealth back from renting. In the long term, home ownership can pay off if done right and not neglected or rented out to some ghetto people. I've had my homes painted with feces all over, toilets stolen, entire radiators gone, ........ The worst was a slip n slide it on the hallway covered in beer and urine, the back bedroom was missing 1 wall, YES 1 entire wall with cement poured and flushed down all the drains. Just because I had to evict them for non payment over 6 months. It is really hard to rent near a ghetto. Get one bad rental and your fucked! [/quote] As a renter I cannot imagine why you would purchase a rental property or any property anywhere near a "Ghetto". That being said I would never live anywhere near a "Ghetto". Ah, the idea of fast money. The economy is in it's death bed, don't be fooled into thinking it will get better. It can't at this point. Get out of the property while you still can, sorry for your loss. [/quote]
mortgage: 600$ monthly payment +
4,300 tax yearly/12months=358$
not too bad.....i guess
apartment living, i can get a very nice 2 bedroom w/ all utilities included for 750$
200$monthly difference lets say for the next 360 months=72000$ You'll be saving living in an apartment over the house.
Thats also not including all the extra fee's included with home ownership........insurance, upkeep, landscaping etc...etc..........FOR THE NEXT 30 years
What do you night owls think?
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