Working at Lake Taylor Hospital

[telemonster]

Originally Posted by Randomdude

Yeah, but take smaller houses. Its not uncommon to see 800sqf apartments renting between $800-$1000 a month. Mortgage payments for a similiar size house would run just a tiny bit higher then that (about $900-$1200).

True, on the top end, rent is far cheaper, but at the lower end, rent and buying are very close.

Maybe the mortgage, but that doesn't include all the other parts. Insurance, taxes, upkeep. If you buy a house now you pay $200K for a townhouse. It's possible your landlord bought it 6 years ago for $80K, and in reality it's likely to be $80K again (or less) real soon as America fails.

[Randomdude]

Originally Posted by telemonster

Maybe the mortgage, but that doesn't include all the other parts. Insurance, taxes, upkeep. If you buy a house now you pay $200K for a townhouse. It's possible your landlord bought it 6 years ago for $80K, and in reality it's likely to be $80K again (or less) real soon as America fails.

Sure, it doesnt include insurance, taxes and upkeep, but also doesnt include tax deductions either.....so in some cases, thats probably a wash. I dont know how that is in actual application, because Ive never owned a house.

[telemonster]

Yea me either. From what I've seen, you have to pay more than your standard deduction in interest to write it off. So for a single person that is like $8500. So I guess if you set out with the goal to pay 8500 in interest in a year (that's money straight to the bank) then you could do a deduction (or if you have other stuff that is deductible). For me, I'd rather be buying a house than paying the bankers that enabled people not worthy to "buy" homes (putting nothing down). Nothing down means no real will to get a good deal, so they bid the prices of the housing inventory into the stratosphere.... and here we are today. Anyone who buys now looses due to all the other people that bought with easy money who won't be able to pay it back.

There is a unix users group meeting held at Lake Taylor, so I go there once a month. Enjoy your Linux based computer!

[Erma]

Originally Posted by telemonster

Maybe the mortgage, but that doesn't include all the other parts. Insurance, taxes, upkeep. If you buy a house now you pay $200K for a townhouse. It's possible your landlord bought it 6 years ago for $80K, and in reality it's likely to be $80K again (or less) real soon as America fails.

So...what's your point? Why should it matter what the landlord bought it for? If you find a place that you will be happy in and can afford, then you have the opportunity to be happy. If you are smart, you will include the taxes and insurance in your mortgage payment.