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Is Renting Always A Waste Of Money?
Posted 8 years ago by Jay11 in category: interesting
Comments (6)
OMFH (guest) - 8 years ago [ Reply ]
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500k house doubles in value and we have a bubble

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Vikingpower - 8 years ago
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  but it over 25 years, it is very possible outcome  
fredtavan - 8 years ago
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  If you use the "rule of 72" to estimate, you would need an average of a bit less than 3% - per year - for 25 years - to double the value of your house  

DaveJoyce - 8 years ago [ Reply ]
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Just skip to the 9 minute mark and take the final piece of advice. The guy should not be buying a 500,000 dollar house and only putting 5% down. He should save till he can put 20% down and avoid the mortgage insurance. And then he should only no more than 25% of his household income on the monthly mortgage.

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DaveJoyce - 8 years ago
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  ^only spend no more 
omario - 8 years ago
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  I agree with Dave 

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