college graduates: The Real Cost of Renting. You Probably Can Afford to Own.
- 10/04/16 05:10 AM
In most cases owning will have an advantage over renting. You will be gaining equity rather than paying a substantial amount of your money to increase your landlords home-equity. Within a 10 year period of paying monthly rent of $700.00/month will have you paying $110,719.00 in that time and paying $1200.00/month will have you paying $189,618.00 in the same 10 year period. Even with the continuous debate of renting vs buying being good or bad and it being a pointless one, it still comes down to $189,618.00 is a lot of money to be contributing somewhere with nothing to show in return for amount paid. … (0 comments)
In most cases owning will have an advantage over renting. You will be gaining equity rather than paying a substantial amount of your money to increase your landlords home-equity. Within a 10 year period of paying monthly rent of $700.00/month will have you paying $110,719.00 in that time and paying $1200.00/month will have you paying $189,618.00 in the same 10 year period. Even with the continuous debate of renting vs buying being good or bad and it being a pointless one, it still comes down to $189,618.00 is a lot of money to be contributing somewhere with nothing to show in return for amount paid. … (0 comments)
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