[quote=sdcellar]Hey, AN! Now you’re speaking my language. Glad to see we’re making progress.
Sorry for your situation though, weberlin. You probably won’t do all that bad and you never know, you really don’t.[/quote]
sdcellar, glad you finally agree to what I’ve been saying for the last 3-4 years (i.e. rent vs own parity is a decent deal for primary resident). BTW, can you clear something up for me? If 10 years is virtually forever and 5 years is relatively short time horizon, what is just right?
weberlin, I wish you the best. It’s a decent deal if you can rent it out for $2100+. If your place can only rent for $1800 right now, I hope inflation will help you out. If rent increase 3% a year for the next 5 years, then $1800/month rent now would be around $2100/month in 5 years. Which would at least allow you to rent it out for break even.
