Quote:
Originally Posted by Dena  Thanks everyone for all of your input.
It's not a mobile home, and nor would i ever consider that.
It's actually a condo, and the value is going up on a consistant 15% a year
The payment that i'm looking at includes insurance and taxes.
I called my dad.. the "official business man".. and if he gives me his blessing and says "do it".. then i'm going to do it. If not, then I probably won't.
Regardless of wether i rent or own (using 80/20 30 yeaer interest only).. I will be spending the same amount give or take $75.
So that's why i'm thinking might as well own. |
It sounds like a pretty good deal if the value keeps going up like that, and yes, I would MUCH rather put my money into something I own and can sell for a profit than into rent. I hope it works out for you!
