Re: Owning a house.
My wife and I bought a 89K town house ( no kids, small dog and I loooooove not having to mow the lawn myself) less then 2 miles from the apartment we were living in. Our interest rate is 6.5%. We have only paid off about 1.4K of the principal so far, but our monthly payment is only $756 a month ( not paying more on it each month as we have some other debt at higher interest rates that we are paying off).
When we left our apartment the rent was going up to 800 a month, and is now at 850. The house is also much nicer.
The house was an excellent investment.
Ken
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