Re: BRAG: Just got approved for a home mortgage
There were a few recent discussions about the rent/buy decision in the Business/Finance/Investing forum. The fact that the OP is (seemingly) buying at a price that allows his roommates to pay off a significant part of the mortgage, then his decision seems to be a good one. If he's deciding between paying $600 in rent (increasing over the years) and $600 in mortgage payments, the decision is clear. For many people, buying a house is one of the best investments they will make. (This is not to say there are not better investment vehicles.)
For those of you quoting Rich Dad/Poor Dad teachings (definition of asset and liability), you may be interested in some more advanced reading. Search through the BFI forum.
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