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SVTPerformance's Chain of Restaurants
Road Side Pub
Stay or sell, home related
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<blockquote data-quote="Geno-04" data-source="post: 16357937" data-attributes="member: 43660"><p>I think owning a home is an investment, or think of it as a saving account. At the end of the day you have to pay to live somewhere. Why pay rent, if you can own. When paying rent that money is just gone. In a home you will get that money back, (in most cases) or at least own it out right one day. I sold my first home after 5 years and walked away with over 100k in my pocket. Granted I probably put more out in mortgage, taxes, updates and so on. But if I was renting I wouldn’t have been able to save that 100k while paying rent somewhere in 5 years. Just my opinion.</p></blockquote><p></p>
[QUOTE="Geno-04, post: 16357937, member: 43660"] I think owning a home is an investment, or think of it as a saving account. At the end of the day you have to pay to live somewhere. Why pay rent, if you can own. When paying rent that money is just gone. In a home you will get that money back, (in most cases) or at least own it out right one day. I sold my first home after 5 years and walked away with over 100k in my pocket. Granted I probably put more out in mortgage, taxes, updates and so on. But if I was renting I wouldn’t have been able to save that 100k while paying rent somewhere in 5 years. Just my opinion. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Stay or sell, home related
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