biscuitninja_IHB
New member
No... you MUST look at depreciation... at least nowadays.
If it were a gradual 4-5-6% then its not actually that horrendous. But if it is 10-15% per YEAR for the next 2-3 years then the cost of ownership for the interm is very large. You woulden't pay an extra 100k to own something that in 1-2 years would be that much less?
For me the cost of renting is basically paying the taxes on the interest my housing money makes as well as having one less tax shelter (big shelter though).
I draw the line at 3500 a month for the house. Basically that's about 1/2 the interest the investments make. I would like to have very little out of pocket.
I don't look at a home as a pure investment, but I don't want to needlessly spend extra money to "own" something.
good luck
-bix
If it were a gradual 4-5-6% then its not actually that horrendous. But if it is 10-15% per YEAR for the next 2-3 years then the cost of ownership for the interm is very large. You woulden't pay an extra 100k to own something that in 1-2 years would be that much less?
For me the cost of renting is basically paying the taxes on the interest my housing money makes as well as having one less tax shelter (big shelter though).
I draw the line at 3500 a month for the house. Basically that's about 1/2 the interest the investments make. I would like to have very little out of pocket.
I don't look at a home as a pure investment, but I don't want to needlessly spend extra money to "own" something.
good luck
-bix