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Author: jensendm Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 128167  
Subject: To buy or not? Date: 2/2/1998 12:24 PM
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I am considering taking the plunge and buying a house, but i want to make sure that i have my motivations in order. What i have been thinking so far essentially boils down to "rent sucks": that is, if i could own the place for what i pay in rent, it can't be smart to go on paying rent. I have been delving through the file here, though, and i get the sense that i might be missing something. I think that if the interest on my mortgage is less than what my rent would be, then i will come out ahead in the end (provided i can unload it for about what i pay for it). Is this a fair assessment or should i be considering other factors?
Along the same vein (or perhaps entirely tangential), i have heard tell that leasing a car is a better economic move than buying one. Certainly buying a new car is generally an economic bad move, but what about used vs lease? Any thoughts?

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