Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Rent vs Buy"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]I question whether we did the right thing buying our current home (not in DC area). We put $120K down on a $535K house and pay $2800 per month on a 30-year mortgage. Houses in the neighborhood rent for about the same - $2800. When we go to sell, we will pay at least $25K in Realtor fees, so unless the value on the house goes up a lot (which I don't think it will) or if we stay here a long enough time to build up equity (I don't think we are), I think we would have been better off investing the $120K and renting. Now the DC area market is much stronger than where I am. We bought there many years ago and made out quite well when we sold. So basically the two big factors are - how long you will stay in the house to build up equity. And whether you think housing prices will continue to increase.[/quote] A good chunk of that 2800 will be tax deductible though.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
