Purchasing a house

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steveweiss (October 25, 2011, 16:05:08 PM):
Do you mean that you create equity in the property over time? Yes, but one must not be misled. One needs to do an accurate evaluation compared to renting an equivalent property including all of the expenses pertaining to homeownership and attribute a time value to those amounts and compare that total to having invested the difference at the same rate of return minus rental costs. The tax issue is also a factor to include. An unsalable property can be a burden in poor real estate markets or if one's tenants do not care for the property.


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