Quote:
Originally Posted by Mr.HappySilp
Try and find a 2 bedroom apartment 2bathroom apartment to rent for $700. Not going to happen. You can most likely rent a room in a house for $500 to $700.
He is only going to pay $700 in mortgage that's even cheaper than rent.
Owning an apartment:
$700 mortgage
$300 strata fees
$100 for cable and Internet
$400 for food
$150 for uilities
$400 for other (cell phone bills, spendings, clothing etc etc)
Renting:
$1200 to $1400 to rent
$100 for cable and Internet
$400 for food
$150 for uilities
$400 for other (cell phone bills, spendings, clothing etc etc)
In his case since his parents is giving him the down payment why not take that option and grow up. He is getting a head start than a lot of people already.
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I meant his post sounds like a troll post...not yours.