Buy APT now?
Buy APT now?
Out of context: Reply #15
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- Corvo20
Although not in the US, my experience with buying/renting a house tells me this:
Buying is only worth it if you're planning to live in a place for a really long time, or forever. Long enough to get additional value overtime or leave it to your kids. Although it looks like you can always get some return if you sell the place, most of the initial mortgage value will be there to pay for a really long time. Basically you're just paying interest in the first half (or more) of the mortgage period, which ends up in being like renting it anyway. Also the sense of loss and failure is bigger if you have to move out due to financial problems in the future.
- I am thinking of keeping this for a long time.********
- I'll say this. My studio in the West Village was $200k in 1999 and sold for $499k in Feb of 2007.CyBrain
- I am thinking of keeping this for a long time.