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Message Subject Mortage vs Apartment living cost
Poster Handle Anonymous Coward
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Twenty years from now the $600.00 house payment will be the same ...apartment rent will continue to rise. I bought my house 10 years ago and my mortgage is $400.00 a month....but if I were to rent it today, it would be more than double that. Plan ahead.....
 Quoting: Anonymous Coward 34572263


Twenty years from now the $600.00 house payment will be the same ...apartment rent will continue to rise. I bought my house 10 years ago and my mortgage is $400.00 a month....but if I were to rent it today, it would be more than double that. Plan ahead.....
 Quoting: Anonymous Coward 34572263


ummm..dipshit, 20 years from now your property taxes will be $5000 a month.

You,NEVER pay off a house EVER!

you foolishly believe you will actually own it free and clear of encumbrances, but the fact remains that you are truly just "renting" your mortgaged home. Read your Deed, it's even says you're renting.

Buy a house and you are trapped for years if not your entire life.

 Quoting: Anonymous Coward 34068008



Many also seem to forget, that although you obtain a mortgage for 25 to 30 years, YOU CAN ONLY GET FINANCING in blocks of say 5 to 10 years at a time, then you need to go back to the bank and RE-FINANCE.

What will you do if interest rates are then 7%, 12% maybe even up to 20% as has happened in our history.

Come on homeowners, tell me?
Please be honest, we all know where you will be.
I am a former home owner, I was also in the camp of homeownership, until someone helped me see the light.

There are other things that can be done with the money saved in renting VS owning, just check out the options available and the FREEDOM you may gain!
 
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