Rent vs Buy - Now's the Time to Buy... - 11/08/09 10:58 PM
Yes, buying real estate is a big commitment but many times not buying real estate is a bigger mistake. Let's compare the costs of renting a property in today's market versus buying the same property today.  First to establish an example. My figures will work with any example, but let's use a home that would rent for $2,000 a month or would sell for $400,000 at 3% down.What would your cost per year be to buy when compared to the $24,000 you would pay in rent?  Let's use very oversimplified figures:Interest: 5% on $388,000 = $19,400Property Taxes                 = $ 4,000Insurance                        = … (0 comments)

 
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INGRID PIERSON NMLO#233666 800-530-9421

Roseville, CA

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