Friday, September 10, 2010

Rent or Mortgage?

I am 32 divorced and currently renting an apartment for 725/month. I amke enough to buy my own home, but the area I live in has outrageous land values. I think I would end up paying about 1600 for anything decent plus high taxes and insurance. I really think that I would be better off continuing to rent and invest that money rather than put it into a house. Once you take into account the interest, extra bills and incurance, it doesn't seem to be worthe it. I could see if I had a large family, but I only have my kids on the weekends and already creeping onto their teen years. During the week, I spend more time at work than at home anyway.



Do you htink I would be better to rent or invest.