#33
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Re: Is my thinking off here? (renting vs owning situation)
Fortune magazine just ran a very well researched article that claims rental costs are so out of whack with housing prices they expect housing price declines of 10-20% the next five years.
Either way, 5% interest on $300k is $15k per year, making effective ownership costs about $3000 per month. With property taxes and maintenance its probably higher even with tax deductions, which you may only use partially due to AMT. |
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