Quote:
Originally Posted by sonick
At one point in the early mid 2010s it was still more of an advantage to rent and invest the difference (the whole Greater Fool Garth Turner fanboys), but at some point rents went crazy high which no longer made it a worthwhile strategy.
|
Back before I got married (pre-2014) it was sorta a condition of getting married that we'd buy a house which I was against b/c I said that renting made better sense but we got married so a duplex got bought 5.5 years ago and today if I rented it it'd probably cost around $4800/mo versus the $2800 mortgage I'm paying now. All for a downpayment of $225k back in the day while the value has gone up about $400k since.
Wifey was right (but I'm not gonna tell her.)
__________________
Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
|