Quote:
Originally Posted by rhart
We are coming to TV next year. I seems an annual lease for a $250,000 home is pretty much a wash to buying one. Are we missing something? Looking for 3/2 with two car or 2 1/2 car garage.
Any input appreciated.
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In what weird math universe can it be a wash ? Considering you would be paying 18K per year for the lease plus all utility costs which includes cable, Internet, electric at 4K per year owning is definitely cheaper then renting. Also, how much value do you put on being independent from a landlord who could terminate your next lease at a whim. Moving is a hassle and although not expensive it's not that cheap. Will your security be returned after you move out ? Again, not your choice. Any landlord can nitpick repairs that will eat up your security, good luck getting it back. Again, not your choice. How will your neighbors feel about your transient status ? Again, statistically not good and not your choice. Homeownership is about the pride in knowing you are the king and queen of your castle and not a subservient that can be tossed out simply because your LandLord feels like it. For me, homeownership is priceless and not to be taken lightly.