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> Why not rent a great place for $1.5k / month with all amenities taken
> care of by the apartment folks rather than own and pay more?
With a fixed rate mortgage, your payments never go up. The only thing that
will go up is your property taxes. If you take out a 15 year mortgage, then
your interest rate will be lower, and your yearly interest expense will
decrease much faster. Over 5 years, maybe even 3, you'll have built up a
nice chunk of equity.
Rents usually go up from year to year. Not all landlords are responsive or
responsible.
If you want to move in less than 3 years, renting is probably your best
option.
S
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Re: Why buy a house?
