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Is buying the only option for you? How about renting?
Cost comparison:; q. B3 G Z+ E4 g
1. Assume you buy a house worth $500K with a down payment of $100K, the anuual cost will be $2,7000.( L& N2 ^! d+ ~1 j4 d6 h- c; l( _
Interest: 400K * 5.5 = $2,2000
3 s* m' N; W" \ M7 ] [Property tax: $2800
& u6 \/ L0 u/ p. ?Maintenance: $1500
8 f0 |; Y+ [6 `& K; o/ RInsurance: $700
, G1 ^, \5 j5 F0 K9 F* g4 c2. If you rent a similar house, the cost will be $18300.9 |. z* j( U7 A2 y2 n# q
Rent: $21600 = $1800 per month * 12
. M: n% u Y3 ` N fReturn on your $100k investment: 100K * 4.25% = 4250, you will get net around $3500 after tax.7 A9 A5 o4 w; I
Insuance: $2004 ^, G: ?% O9 \6 ]" k) A
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You will save $9000 a year if you rent. In addition, if the house prices drop, you will benefit more. But if you expect the house prices will keep rising by 5% every year, probably it will be better off to buy.0 F. q5 b+ L: {) W4 C$ Z( h! o
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[ 本帖最后由 smalltown 于 2007-4-30 09:53 编辑 ] |
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