Thread: Moving
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Old 06-03-2006, 08:56 PM   #30
Skip Towne Skip Towne is offline
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Join Date: Apr 2001
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Quote:
Originally Posted by Moooo
As opposed to paying all that anyway + a profit for the bank?

Its all the same. Like I said, with interest rates, processing fees, and all that other stuff, a home doesn't earn equity until about 5 years in. If you know you're gonna be in the same place for that long, you should buy, but anything else and you should rent.

Not to mention the uncertainty of buying a house. I mean, there are laws saying an apartment has to be suitable to live, but you can get termites and all sorts of stuff with a house, and without anywhere to turn.

Moooo
You don't think the bank is getting paid in an apartment deal? You must be really young and stupid.
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