Quote:
Originally Posted by Randall55
If you read the thread, the scenario we are speaking about is paying cash for a new home vrs investing that cash and rent.
My scenario: Pay $450,000 cash for a home plus closing costs. You still have $1000 a month in fees. (property taxes, insurance, amenity, lawn, maintenance)
Or, invest the $450,000 and rent. The money you earn on the investment can be used to reduce the rent.
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I have a dear friend who decided to rent. Her husband recently passed away, she sold the home, and is living off the investments. She says she now has more disposable cash and is using it for pleasure. When owning the home, most of the leftover monthly money had to be used to maintain the home. She is quite happy living a maintenance-free life.