Reply #16: Look at a mortgage interest calculator [View All]

[Chico Man]

If you are renting, take the $100 or so you put into equity per month ($900 of that sraight to the pocket of the mortgage company) and invest it in something else. Take the $900 and give it to your landlord instead of the big mortgage company.

People do not make or save money on property by paying the mortgage (unless they are paying double, or triple payments). They make and save money by making wise purchasing decisions primarily based on the location of the property. Sorry, but that is a fact.