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Old Mar 14th, 2008, 01:06 PM   #13 (permalink)
mizchels
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Default Re: The Y (WHY) Concept Direction

Originally Posted by Talkintoy View Post
That is very true. Depending on plan i might add. Some might just want to stay and rent for little less than owning and use the excess in building something. This is the way i will be doing since i had a $3k mortgage that was eating us. Now i'll be renting temporarily for $1700 difference of $1300 x 12 = $15600 x 2 yrs = $31200 with no property tax and i'll be keeping the rest for building something on side. Problem is i noticed a lot of kids/people didn't understand or even know that there is another way which is the fastlane so they get lost going the only way that was taught instead of having another direction if they understood there is another way to make a difference.
This is a great point, just want to emphasize. In some areas where the cost of buying land/building/mortgages are high, it can really pay (or rather, save) to rent for awhile. If you don't have your parents' home as an option, this can be a smart move. Avoiding the property taxes alone can be a good incentive until you're ready.
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