Submitted by killaho69 t3_zzs878 in personalfinance
FinsterFolly t1_j2e6vjn wrote
Reply to comment by arpatel530 in Wanting to make sure I can afford the houses that I'm looking at. by killaho69
Not necessarily silly for the short run. With a purchase, he's going to be paying $3,600/yr more a month plus any upkeep on the house. His mortgage payment will only be contributing about $2,500/yr to principal.
A year renting might be a good short term solution to ensure job security and the area they want to live in. Plus, it gets them out of the house quicker.
arpatel530 t1_j2e7gfq wrote
Move in with a friend then.
Viewing a single comment thread. View all comments