Quote:
Originally Posted by redpoint5
If you're a single guy, you want to buy the biggest house the lenders will approve you for and rent out the other rooms, making your house free. You want the 30 year loan because the cash you save every month with a lower payment can go into the stock market, which outperforms the low interest you're paying on the loan.
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If you're single and would or wouldn't rent a $2,000 per month 3 bedroom appartment with a couple of roommates, then the same should apply to a $2,000 mortgage on a 3 bedroom condo in my opinion.
But yes, there may be more of an incentive to get a bigger house and more help to pay for it.
In my case I have children with special needs that I don't see would work with having someone else in my house who isn't family.
Quote:
Originally Posted by Xist
How many years ago did you buy your mole home?
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In 2011