Originally Posted by
kmv2
I know its a leap, but if you own your house, you could theoretically sell now, put the money in a decent savings account and rent in the city and potentially pay rent the rest of your life off the profits of the house. Considering the property tax, etc you pay on the property now too.
haha not likely, my house is probably worth less than what I owe on it right now. Or I wouldn't get for it what I owe right now. But we're not behind on the payments so we just keep paying.
FWIW I bought the house we're in now back in 2006, precisely because it was less than 3 miles from my office. I was living with my parents at the time after college and commuting 100 miles a day (by car obviously haha), so I got my own place as soon as I had money saved up. But then 2 years after I bought the house, my office moved farther away from me (and closer to my boss heh, he's just 100 yards away, literally).
But as far as renting, most rental places that meet our needs are higher than our mortgage note. Plus I HAVE to have a garage with my air tools and all that stuff.
