Yes we do, I personally will accept responsibility for our slacki-ness. Since I have had half a bottle of MARE-LOW, its alot easier. Something is missing, oh yes the inflated rental value. I knew there was a hole in there somewhere!
Everytime someone gives you a series of calcs you attack the assumptions its based on, so let me do the same. It doesn’t really rent for that much, (Bare with me though). Since I have had the aforementioned MARE-LOW I am not in a math mood, but since you are, you can pick an arbitrary number at which it is cheaper to own then rent. That way no matter what its a win for owning.
One more thing. The oppportunity cost of 120k, not 12 at 7% amortized over lets say 10 years is 241,159.37. Thats alot of freedom you just nailed into an asset for which there is an extremely compelling series of arguments for not buying.
Do you have 120k to gamble like that, I know I don’t.
