Oh man, come on, don’t burst my bubble, I’m sure if there are any other expenses outside of my calculations like insurance or stuff, I can just write it off or something.
Seriously, I know people who have done this, so it must be pretty common. Without being too specific, they buy a place without really knowing the true cost or the future expenses and risks and end up with an “investment” that would require all the stars to line up in perfect unison to possibly break even. Why would they do this? Because they expect future price gains.
I know my math makes no sense above, I was just demonstrating the way people actually figure these things out.
