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Real Estate
Reply to "Question for renters..Aren't you tired of paying someone's mortgage?"
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[quote=Anonymous][quote=Anonymous]We bought our now rental property in 1999 for $$350k. Houses are now selling for $600k. We rent for much less than the mortgage would cost today and make money every month. Most of our tenants tend to be military.[/quote] Yes, it is silly for the renters with time machines not to buy. For the test it is more complicated and renting is far cheaper month to month unless we see high appreciation and high rent increases for close to a decade. [/quote]
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