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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (1642)2/19/2002 5:21:19 PM
From: TheStockFairyRead Replies (3) | Respond to of 306849
 
Tradelite-

Can you break down what the cost/tax advantages of paying $1,000 per month in rent vs purchasing a $300,000 home, using 20% down is? Please assume $6600 in taxes per year (pretty much the going rate around here). Please include percentage estimates on the ongoing upkeep, maintenance, remodeling, additional water bills, garbage bills, snow shoveling, ect.

Thanks!



To: Tradelite who wrote (1642)2/19/2002 5:29:50 PM
From: VSRespond to of 306849
 
>Pray hard that this *buying opportunity* arises before interest rates have gone up another point or two and tens of thousands in rent money and lost tax deductions have been spent while waiting for it.

Thanks for the suggestion. I'm actually comfortable enough that I don't need to pray for my investments.
Vince


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