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
mileshuff wrote:
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.
I think you are correct in assuming that rent will generally be higher than property taxes.
Wow. Your property taxes are low. I'm jealous.
NYCgrrl wrote:
Just want to point out that renters do pay property taxes and capital improvements/maintenance; just can't take them off their taxes. It is after all factored into the rent.
True. Lots of things are factored into rent.
My point was that if you rent you don't have certain expenses you would have if you owned. Rent isn't 100% wasted money.
