Quote:
Originally Posted by redpoint5
What I'm saying is that paying to utilize assets (renting) rarely is as profitable as owning the assets. Renting is usually cheaper than paying a mortgage only because people rent smaller places than they purchase. Compare a rental of equal size and quality to paying a mortgage on something similar, and you will see it's cheaper to take the mortgage.
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Yep, you're either paying your own mortgage or your landlord's. Looking back at our first apartment, it sure seemed cheap at $400 a month. Two rooms on the second floor with a blinking yellow traffic light shining into our window because the fire station was across the street, a little closer than the laundromat. On Sundays, the church on the other side of the wall woke us up with its bells. The whole place was smaller than the living room I'm sitting in right now.
But it cost a third of what I'm paying now and I wasn't buried in debt. Man, those were the days!