GoFuckYourself.com - Adult Webmaster Forum - View Single Post - How is buying a house, a great investment?

V_RocKs · 03-10-2007, 05:36 AM

Cost for me to rent, $2500 a month at $30,000 a year.
Cost for me to buy this same house, $3500 a month at $42,000 a year.

For the first 5 years all of the money goes towards interest only.

So while the market is stagnant or dipping I am screwed. Had I bought in 2003 my monthly would have been $1800 and the price would have appreciated 2 and 1/2 times. Which means, I would have made a lot of money on paper (or if I sold it)...

So buying for me would be stupid.

03-10-2007, 05:36 AM
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,409	Cost for me to rent, $2500 a month at $30,000 a year. Cost for me to buy this same house, $3500 a month at $42,000 a year. For the first 5 years all of the money goes towards interest only. So while the market is stagnant or dipping I am screwed. Had I bought in 2003 my monthly would have been $1800 and the price would have appreciated 2 and 1/2 times. Which means, I would have made a lot of money on paper (or if I sold it)... So buying for me would be stupid.