No. of Recommendations: 0
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?

--Daniel
Print the post  

Announcements

Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement