Re:It's A Terrible Time To Buy An Expensive House
by marksands07 on Tuesday September 17, 2013 @10:10AM
(#6399345)
+1. I live in an extremely rural community where you can afford to buy a 3 bedroom home for under $100k. If you can put 20% down on a 15 year loan and pay it off in 12 years, then yes, buying is much better than renting. If you're 25 years old, from the age of 37 to retirement you've just earned almost 30 years of free living (with the exception of taxes, utilities, etc.).
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Re:It's A Terrible Time To Buy An Expensive House
by philwelch on Tuesday September 17, 2013 @10:59AM
(#6399655)
At the expense of permanantly undermining your earning power and raising other living expenses by committing to live in an extremely rural community. There's a reason those houses are so cheap.