Re:Renting in America Has Never Been This Expensive
by breischl on Thursday August 13, 2015 @01:51PM
(#10055971)
No, I'm arguing that just comparing mortgage payments to rent payments leaves out a lot of the expenses involved in owning the property, such as maintenance.
Re:Renting in America Has Never Been This Expensive
by marcosdumay on Thursday August 13, 2015 @02:04PM
(#10056072)
Maintenance is only cheaper than acquisition is the good will completely depreciate during the period you are maintaining it.
As I said, it's not an extraordinary claim.
Re:Renting in America Has Never Been This Expensive
by breischl on Friday August 14, 2015 @10:16AM
(#10060195)
I can't even parse that sentence.
Re:Renting in America Has Never Been This Expensive
by marcosdumay on Friday August 14, 2015 @11:48AM
(#10060777)
Sorry, you shouldn't be.
I meant: maintenance is only more expensive than the acquisition if the good will completely depreciate during the time you are maintaining it.
You are actually arguing that a house will fully depreciate in less time than it takes to pay for it. Well, it's not an extraordinary claim, but it's still not what I'd expect.