01-23-2007, 04:25 PM
WRXtranceformed Wrote:You guys also aren't taking into account that if you're smart, you won't be paying the whole mortgage amount yourself. You're mostly all renting with other people right? So if you find a few renters you can significantly reduce your monthly mortgage payments. A bunch of my friends do this, and they reap the benefits of building equity.
That's not really the case for all, or even really most of us if we wanted to be homeowners.
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