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 Message 1280 
 TOM WALKER to ROY WITT 
 GMC Suburban 
 07 Aug 12 07:15:00 
 
RW> RW>> So does owning a house, but we'll all have to live with that.
RW> RW>>

RW> MH> Yes, but owning a home will always be better than throwing money out
RW> MH> the window on rent.

RW>Some people don't believe that because the money paid in rent is a cost
RW>of living, no matter where that is. I had a friend who rented and put what
RW>he saved in loan interest into a money market fund. He died a rich man and
RW>someone else rented his apartment the following month.

TOTALLY WRONG Thinking.
I just cranked a few figures from younger years in the loan
calcualtor and for a $95,000 Home Laoan with a $700 per month payment
one would have only saved $93780 in Interest. THAT IS FAR from Rich.
AND after the $700 stops that part of what you called "cost of living"
drops dramaticly as only a much smaller amount of property taxes remains

For those that can swing the payments NOT buying a house is Terminally
STUPID

I canot express how great it feels to only be paying the property Taxes
to put a roof over my head.
---
 þ SLMR 2.1a þ Typo Tom strikes agaoin
 * Origin: Fidonet Since 1991 And Still Here. Join Us: www.DocsPl (1:123/140)

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