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Why Rent?
Did you pay your landlord’s mortgage AGAIN
this month?
Through the years your
rent payments add up fast - but in whose favor?
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Rent |
5 Years |
10 Years |
15 Years |
20 Years |
$400 |
$14,400 |
$48,000 |
$72,000 |
$144,000 |
|
$500 |
$18,000 |
$60,000 |
$90,000 |
$180,000 |
$600 |
$21,600 |
$72,000 |
$108,000 |
$216,000 |
|
$700 |
$25,200 |
$84,000 |
$126,000 |
$252,000 |
$800 |
$28,800 |
$96,000 |
$144,000 |
$288,000 |
|
$900 |
$32,400 |
$108,000 |
$162,000 |
$324,000 |
$1000 |
$36,000 |
$120,000 |
$180,000 |
$360,000 |
|
$1200 |
$43,200 |
$144,000 |
$216,000 |
$432,000 |
$1500 |
$54,000 |
$180,000 |
$270,000 |
$540,000 |
|
$1700 |
$61,200 |
$204,000 |
$306,000 |
$612,000 |
Why rent when you can BUY a home
for no money or little money down?
Top 5 Reasons To Own Your Own Home:
- Future Financial Security (owning a large appreciating
asset)
- Privacy Of Total Ownership (legal rights of "real
property" ownership)
- Reduction Of Annual Income Taxes (mortgage interest
"write-offs")
- Ability To Obtain Other Credit (credit lines and
equity loans)
- Tax Benefits To The Heirs Of Your Estate (tax free
estate holdings)
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