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Here is another reason why to buy – giving our age. (I am finding reasons that I know my wife would otherwise – she overanalyzes things ;-))…
Coming back to my original plan to buy now with 10% down only.
We could choose to give away money to pay PMI for 7-8 years – 38.5 K total over 7.5 years or, to pay rent – 26K per year, times 2.5… > 55K.
Granted, with 20% down 2.5 years later, the P&I would be lower…or not (depends on what the rates and prices are doing).
What do you think about this angle?
