Archive for December 4th, 2010

Comparing Rent To Mortgage Is Apples To Oranges

So you’ve been paying rent because the housing market has scared you, but a realtor has just thrown temptation in your way.  A property similar to the one you’ve been renting has come on the market, and the payment is a couple of hundred less than your rent.  Now it’s a no-brainer.  Now is the time to buy- right? Before you sign on the dotted line, you’d better sit down and look at a few realities: [Thanks L!] When Bill Douglass and his wife bought their first home, he budgeted for $250 a month for maintenance costs. He soon found…
Read more…