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SVTPerformance's Chain of Restaurants
Road Side Pub
Renting vs owning a home and vehicles.
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<blockquote data-quote="MG0h3" data-source="post: 15695240" data-attributes="member: 164690"><p>I've owned/own condos and a few houses between 330k-145k. Some places I e only lived in a year but didn't expect to move that quickly. </p><p></p><p>My most recent, which I'm most happy with from a living standpoint, is the 145k house. Brand new and nicely finished (nice tile floors, SS appliances, quartz counters, 3/2/2 1403 sq ft. Payment is 950 so comparable to a 2bd apartment here w/ tax and insurance included. </p><p></p><p>Owning and renting has worked out well for me. On average I pay about 5k a year out of pocket between my 3 rentals but my taxes are @ 10k a year less than coworkers with the same income/family situation. Plus the principal goes down @1200 a month between the 3 and 1500 a month if I include the one I live in. </p><p></p><p>Made 65k in 3 yrs on a condo I bought at 19 yrs old. "Lost" @ 200k on two in CA during the bust but I held them and the market has nearly recovered. </p><p></p><p></p><p>Sent from my iPhone using svtperformance.com</p></blockquote><p></p>
[QUOTE="MG0h3, post: 15695240, member: 164690"] I've owned/own condos and a few houses between 330k-145k. Some places I e only lived in a year but didn't expect to move that quickly. My most recent, which I'm most happy with from a living standpoint, is the 145k house. Brand new and nicely finished (nice tile floors, SS appliances, quartz counters, 3/2/2 1403 sq ft. Payment is 950 so comparable to a 2bd apartment here w/ tax and insurance included. Owning and renting has worked out well for me. On average I pay about 5k a year out of pocket between my 3 rentals but my taxes are @ 10k a year less than coworkers with the same income/family situation. Plus the principal goes down @1200 a month between the 3 and 1500 a month if I include the one I live in. Made 65k in 3 yrs on a condo I bought at 19 yrs old. "Lost" @ 200k on two in CA during the bust but I held them and the market has nearly recovered. Sent from my iPhone using svtperformance.com [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Renting vs owning a home and vehicles.
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