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.
I see what you're saying, but that's assuming one has paid the house off/can make substantial profits off the sale. That being said, I keep telling people my age (30) and younger to rent as long as they can; especially if they can't afford a house at 35% or less of their monthly income. I remind them of all the money and energy you sink into maintenance and upkeep that you never see again, even if you get 100% return on the mortgage. When you rent, you pick up the phone and call the landlord, and it's on them.
