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Real Estate
Reply to "Rent vs. Buy Calculators "
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[quote=Anonymous]That's a respectable HHI. Can't really say if I don't know what your living situation is like, or if you have kids. The plus sides to owning a house is that it contributes a lot to your net worth, and your monthly payment is stable. You also get more space for the money, generally. But you definitely should factor in maintenance costs. That was something we knew we'd have to deal with, but what was shocking was just HOW MUCH it was. Granted, if you are naturally handy, you can mitigate a lot of it, but if you're buying an older house, plan to set aside around $10K a year for a repair budget. And if you end up not needing it one year, then you can put that towards a capital improvement to the home. [/quote]
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