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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: Jurgis Bekepuris who wrote (892)8/17/2012 10:35:18 AM
From: John Vosilla  Read Replies (1) of 2722
 
Buy a house in SV for $800k with 20% down your payments on a 15 yr mtg at 2.75% are $4343 a month. With taxes and insurance how would PITI compare to a rental? I am guessing many families have lots of cash saved and the spread isn't that substantial. In 15 years you own it free and clear with $800k equity even if values stay the same. A huge committment and you must ASSUME a lot over a long period. Wonder what comparable rent vs own numbers worked out to 10-20-30 years ago out there?
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