Quote:
Originally posted by Carrie
Put it down on a house, move into the house and stop paying near $1000 in rent; instead pay about $500 in mortgage payments.
You'll save money, save taxes on the mortgage interest, and your property value is the safest thing to have money in. They are NOT making any more land.
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not always true. I live in a $500k house with no mortgage. Costs $1.1k per month to run the house with heat, electric, water, gas, etc.
thats not counting repairs, furniture, carpet, paint, regular maintenance.
It easily costs $1.5k - $2k to run this house and we dont have a mortgage at all.
only 3 people living here.
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