01-23-2007, 12:53 PM
.RJ Wrote:$2350 (rent at the new place)
$600000 (what the place next door was selling for)
5% (thats a stretch)
30 yr
6%
10 yrs
1%
1%
Dude, use realistic estimates... you really planning on buying a $600k house? You're also not going to stay in your first house for 10 years, I guarantee it. I also think 1% is a bit conservative. It's not unreasonable to think a house for $250k would appreciate 2% (265k after 3 years).
What about.....
1200, 250k, 4%, 30 yr, 6%, 3 years, 1%, 2%
Edge given to buying and any extra appreciation just pads that number. I think it's probably borderline at this point but I don't think owning is as unattainable as you think it is. Maybe owning what you want to own (would rent) is but that's a whole 'nother ballgame.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth