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Old 10-29-2007, 01:23 PM
stephenNUTS stephenNUTS is offline
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Join Date: Oct 2006
Posts: 964
Default Re: Renting vs Owning

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Henry,

$259k is quite a lot of money. What is the difference that your calculation is showing?

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Assuming a very conservative return on tied up capital (5%) I'd lose ~$25k a year owning.

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I have ONE question Henry17:

You seem to be a very astute investor/financially educated poster on this forum...how/why did you choose to rent vs. owning a home the last eight years ,in the BIGGEST real estate bull market in history?

I am very curious,and in no way trying to question your decision,but spending $250k+ in rent,and now deciding to make another decison whether to spend ANOTHER $250k is perplexing?

I truly would like to hear your perspective over this time frame?

Thanks,
~stephen [img]/images/graemlins/confused.gif[/img]
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