How To Throw Away $100,000
Too interesting not to re-blog.
How To Throw Away $100,000
It's very easy. Rent a house.
I was talking with a would-be home buyer the other day and he couldn't commit because of dropping home prices. He said he was paying $850 per month rent for his house. If he rents for 10 years he has thrown away $100,000!
Monthly rent
3 years
10 years
15 years
30 years
$500
$18,000
$60,000
$90,000
$180,000
$600
$21,000
$72,000
$108,000
$216,000
$700
$25,400
$84,000
$126,000
$252,000
$800
$28,800
$96,000
$144,000
$288,000
$900
$32,400
$108,000
$162,000
$324,000
$1000
$36,000
$120,000
$180,000
$360,000
30 year mortgage rates are below 5% today and that same $850/month will buy you a $140,000 house.
We have no idea what that house will sell for in 10 years but most likely it will not lose $100,000 in value.
For a list of homes for sale in Columbia or Hopkins contact
Terry Edwards www.FeaturedColumbiaHomes.com
tedwards@sc.rr.com 803 920 5327
Cayce Forest Acres Hopkins Rosewood Shandon SE Columbia
and all of Columbia's great neighborhoods
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