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Author: Learning2bFools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308519  
Subject: Buying vs Renting and CC Date: 10/12/2000 11:30 AM
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My husband and I were all set to buy a house next June setting aside $$ every month for a down payment. We will be in our area for 3 more years and used TMF calulator to show that it would save us $$ over renting.

Then I had a revelation... With the amount of CC debt we have, would it save us money in the long run to rent and use the down $$ for CC pay off OR continue to pay small amounts above on the CC and buy a house?

Well, I think it will work out about even. That is taking into account the variation in the amount gained buy selling the house and major repairs that cannot be forseen...

We have decided the piece-of-mind that comes with having the CC gone in 2 yrs and opposed to 7+ and not having to hastle with buying a house is well worth it.

Just thought I'd share...

Christine
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