GoFuckYourself.com - Adult Webmaster Forum - View Single Post - What is wrong with buying a car for cash?

xxweekxx · 01-22-2010, 12:28 PM

but say i rent.. assume mortgage/rent same thing..

so i spend 15k/yr on rent,(a little over $1k a month) in 30yrs id have spent $450k in rent..

NOW assume a house with same mortgage, in 30yrs id have spent $450k in mortgage, EXCEPT i still have an asset worth at least $450k assuming 0% appreciation in 30yrs(which is impossible)

so tell me how renting is better..

its like flushing money down a toilet.. you are paying someone every month and you dont own shit.. while buying yeah im paying every month, but its still an asset...

01-22-2010, 12:28 PM
xxweekxx Confirmed User Join Date: Oct 2002 Posts: 6,780	but say i rent.. assume mortgage/rent same thing.. so i spend 15k/yr on rent,(a little over $1k a month) in 30yrs id have spent $450k in rent.. NOW assume a house with same mortgage, in 30yrs id have spent $450k in mortgage, EXCEPT i still have an asset worth at least $450k assuming 0% appreciation in 30yrs(which is impossible) so tell me how renting is better.. its like flushing money down a toilet.. you are paying someone every month and you dont own shit.. while buying yeah im paying every month, but its still an asset... __________________ _________________ I am the best