From: "Sgt. Sausage" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Just needed to share this.
Date: 31 Aug 2005 17:00:29 GMT
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"Will Trice"  wrote in message 
news:43108E3D.7010404@paragondynamics.com...
> The primary reason that I own a home is that owning became more economical 
> than renting.

Bingo. My reason: It's more economical. The appartment
I was renting in college for $250 a month (about 16 years
ago) is now renting for $700 a month. Almost 3 times what
it was renting for way back when.

For my house, the payment will be the same. It will
be the same next year, the same the year after that,
and the same in 5 years. It won't go up. Ever.

>and paid very little down to keep cash free for investment

Not me brother. We put 30% down, got a 15 year loan,
and pay substantial extra every month on principle.
The 15 year loan will be paid off in a bit less
than 10 years.

We go the other way -- the shorter the time period
that we're paying interest, the less we'll spend
on interest, and the quicker we'll free up the
payment. Once it's paid off, the monthly payment
is cash in our pockets. To each his own on this
one.





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