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   AUTOMOTIVE      Anything to do with cars      2,177 messages   

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   Message 1,280 of 2,177   
   TOM WALKER to ROY WITT   
   GMC Suburban   
   07 Aug 12 07:15:00   
   
   RW> RW>> So does owning a house, but we'll all have to live with that.   
   RW> RW>>   
      
   RW> MH> Yes, but owning a home will always be better than throwing money out   
   RW> MH> the window on rent.   
      
   RW>Some people don't believe that because the money paid in rent is a cost   
   RW>of living, no matter where that is. I had a friend who rented and put what   
   RW>he saved in loan interest into a money market fund. He died a rich man and   
   RW>someone else rented his apartment the following month.   
      
   TOTALLY WRONG Thinking.   
   I just cranked a few figures from younger years in the loan   
   calcualtor and for a $95,000 Home Laoan with a $700 per month payment   
   one would have only saved $93780 in Interest. THAT IS FAR from Rich.   
   AND after the $700 stops that part of what you called "cost of living"   
   drops dramaticly as only a much smaller amount of property taxes remains   
      
   For those that can swing the payments NOT buying a house is Terminally   
   STUPID   
      
   I canot express how great it feels to only be paying the property Taxes   
   to put a roof over my head.   
   ---   
    þ SLMR 2.1a þ Typo Tom strikes agaoin   
    * Origin: Fidonet Since 1991 And Still Here. Join Us: www.DocsPl (1:123/140)   

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