|
No, it isn't misleading.
Tell you what, you rent for the next 20yrs and i'll own. After 20yrs i will have r/e taxes and insurance to pay. The rest can go towards a GT3RS, track time and a built in lift in my garage. You, on the other hand, will still be paying rent to 'the man'.
Oh, and my son will have something to inherit other than funeral expenses.
Oh again, i won't have to worry about a landlord deciding to sell and leaving me looking for a home to rent.
Oh and i might just say ef' it when the final payment is made and greet people at walmart as my retirement job.
Mind you, i am operating under the assumption that my mortgage cost, net of tax benefit, is comparable to your rent cost. The rent you are paying builds -0- equity. The mortgage i am paying builds something greater than -0-. There is no opportunity cost given those assumptions so it's a pretty simple scenario to examine.
__________________
*****************************************
Well i had #6 adjusted perfectly but then just before i tightened it a butterfly in Zimbabwe farted and now i have to start all over again!
I believe we all make mistakes but I will not validate your poor choices and/or perversions and subsidize the results your actions.
|