pergrassi Re..<<<<<After all the conservative calcs favoring buying a home, the house accumulates about $26,000 (10,000 down, 1.02^5 * 100,000 + 6000) and the investment about 34,000. The investor gets about $8,000 more. If you subtract the up front costs of the loan (1%-2% in points, the commissions paid to the agent, etc), you would lose an additional $3000 minimum. <<<<<<<<<<
Aren't you forgetting several things? For one you typical house is 1500 to 1700 sq. ft whereas the common apartment is approx. 800 sq ft. with minimum storage with no garage.. My wife works all day inside, so whe really enjoys planting flowers etc; she would go nuts cooped up inside all weekend. Secondly you have to live with their color scheme which is usually white and you have very little privacy as opposed to a house. Hey, I make money so I can enjoy life, and I will never subject my family or myself to apartment living with all of its restrictions. Sometimes earning money is secondary to enjoying life. If you add up all of the benefits of owning a house, there is no other option.
|
