Quote:
Originally Posted by capecodkev
I disagree with that, we plan on buying very soon even though we will not be able to spend a great deal of time there for 4-5 more years. Sure we will have to rent it out for the next few years but after the tax deduction for my mortage interest, I estimate my out of pocket expense to be about $7,000 per. On a $225,000 house, that is 3%, I am sure home prices will rise more than 3% per yer over the next five years.
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Good luck to you. I hope it works out.
If you noticed, my post was in the context of what I would do... not you!
I just happen to be very conservative in the area of personal finance and personal risk.