Quote:
Originally Posted by Yak
Gotta agree with Kerry on this one.
Having a 21-yo take on a 150k mortgage is an iffy proposition.
|
Not necessarily -- if the parents won't be living in the house, then the mortgage + taxes would probably cost less than the house can rent for these days.
If the house can be rented out at a profit, then it's a win regardless whether the 21-yo lives in it (cheaper than renting) or rents it out (a few hundred per month towards rent somewhere else).