Quote:
Originally Posted by kerry
Not around here, nor in most places in the USA according to the Economist.
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Yup, sure thought I was saving money by buying a house vs. renting. 120k Mortgage ($600 minimum but I pay $750 to pay off faster) + Taxes on 170k value ($250) + Specials ($100) + HOA ($30) + Utilities ($400) + Upkeep ($200). Total is $1730. 2 roommates cover less than half.
I could have lived in the Penthouse floors of my first place, a high rise apartment with no maintenance, pool, hot tub, gym, driving range, basketball court, unlimited secured enclosed parking, ballroom for rent, and close to everything for $1100 plus about $300 for utilities. Normal apartment was $650 a month.
http://250douglasplace.com/
Plus I'd be all by myself, and wouldn't be suffering with a 2 car garage.