--- In FairfieldLife@yahoogroups.com, akasha_108 <[EMAIL PROTECTED]> wrote: > <big snip>
If one can rent the same property for 1500/mo, rather than buy it with > a mortgage of 3000/month, the renter is saving $1500 / month. The > buyer is pouring money down the drain unless home prices apprciate. > But there are strong indications that that train will not be back in > town for 5-15 years. > The one thing overlooked here is a measure of security after the mortgage is substantially paid off- In a rapidly developing area, and I know of people caught in this trap here, rentals may be converted to condos, or demolished for housing, leaving the renters, as seniors no where to go, except leave an area where they have established friends and costs. I understand we are all renters, but there is definitely more control over our assets if we buy, i.e. rent money from the bank. ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/JjtolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
