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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Tradelite who wrote (145735)1/23/2002 7:42:36 PM
From: Joan Osland Graffius  Read Replies (2) of 436258
 
Tradelite,

>>a home of some sort is necessary and is usually never free

What I was saying is if you rent and take the difference in capital one spent on home ownership you would be ahead financially.

>>that one can throw money down the drain as easily by renting as owning, and if you rent, you have nothing to sell to recoup even a dime when it's time to depart this world

Again I was talking about alternative investments with the capital differences between ownership and renting. Home ownership is not an income producing asset!!!!!! If had taken the capital difference between home ownership and renting and bought more farm land in North Dakota would have a heck of a lot more income producing assets that generate income each and every year for the next 1000 years. <g>

>>Why on earth haven't you moved to a cheaper rental?

Like I said in my last post it is a life style that am willing to pay for.

Joan
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