I'm still convinced these people are crazy.
Years ago, pre-2008 in fact, I posted something that lighted a firestorm of indignation - I questioned the sanity of people who buy new RVs and amortize the purchase over 20-25 years. I had been to an...
Forum Discussion
SkiMore wrote:
I mostly agree about 100% of your rent being lost, but you aren't paying property taxes or maintenance and that should get factored into the equation.
I suppose it depends on the property taxes in a particular area. None the less I tend to think rent payments added up will be far higher than property taxes added up assuming a wash or gain on mortgage payments.
In Phoenix my property taxes are only $1200 a year.
