What do you think you are buying when you buy a house? You place - TopicsExpress



          

What do you think you are buying when you buy a house? You place a down payment on the house, owe a mortgage, pay property taxes, responsible for repairs, insurance, maintenance, utilities, and property sales value up or down. In return you get a roof over your head and a tax mortgage deduction. If you rent you are responsible for the rent and utilities. Rent costs less than ownership without the responsibilities. Until the price of housing falls substantially and rents exceed all costs there is no point to ownership for anyone.
Posted on: Mon, 01 Jul 2013 00:06:55 +0000

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