Recruiting Forum Football Talk VI

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I know you didn’t ask for my opinion but hey - message board! 🤪

Renting for $2500/month is $30,000 spent at the end of the year with nothing left to show for it…at least when you buy, you have something of value - may be less valuable but it will still have value. 🤷🏻‍♀️
Yes and no. I mean, if the value goes down in that period, then you legit lost actual cash because a majority of your early amortized payments are going towards interest, not principal, plus closing and broker/agent fees.

And for short owning periods...for the average mortgage closing you have to stay in your house for at least 5 years just to breakeven (assuming your house goes up by at least 3 or 6% or whatever the broker's fee is to the seller).

All to say, it's not always that simple. Renting can also be better with some short time horizons, but also in certain markets. And assuming the gap is thrown into a market index fund or equivalent. Have to look at rent:buy ratios in that case, though they are in the minority.

But yes, generally agree. Just not always black and white. Have to run the numbers.
 
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