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Politics : Formerly About Advanced Micro Devices
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To: chic_hearne who wrote (115101)6/8/2000 11:05:00 PM
From: Dan3  Read Replies (2) of 1580691
 
Re: After 5 years I will have paid over $60,000 in mortgage payments, but increased my equity by far less than $10,000...

Don't forget the avoided rental cost. And don't forget to deflate your mortgage costs by the tax savings from interest and property tax deductions. Then remember that equity appreciation of your down payment was leveraged by whatever you borrowed. And finally, remember that any capital gains on that leveraged asset will not be taxed.

Regards,

Dan (who wishes he'd owned a house at 23!)
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