Quote:
Originally Posted by disneysteve
I didn't even mention the $580/mth for property taxes, money for insurance, etc.
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Those items would be factored into the amount of rent you would pay if you were renting.
My house is not a way for me to build wealth directly, but when it is paid off it is something I won't have to pay for any longer (aside from that laundry list of maintenance and repairs). When it is paid off, I can divert that money to savings/retirement or we can consider going to one-income or lower-income jobs. I'd be able to return to teaching, for example, rather than sitting in the corporate cube-farm earning a higher salary.