Can't read the article without subscribing to their spam list. No thanks.http://www.builderonline.com/builder-100/marketing-sales/electric-slide-buy-home-get-car_o
Anyone looking to buy new construction in Florida may want to check this deal out!
Weird. Here's the Google cached version: http://webcache.googleusercontent.c...-buy-home-get-car_o+&cd=1&hl=en&ct=clnk&gl=us
Hmm. $750k - $1M according to the development website, so the model is likely on the $1M side - a $30k car thrown in is only ~3%...
so being a renter is better.
No, pay off the house early. And when buying the house, don’t overextend yourself. It’s perfectly OK to rent as a way to make ends meet and buy patience. The bad part of renting is that the rates go up every year while getting a mortgage locks in your housing expenses. On the flip side, there are many people stuck with owning houses in multiple cities by default when they move.
People keep saying renting rates go up, but ... That hasn't been my experience while living in places with stable property values. Lived here for three years. No rent increase. Last place I lived for seven years, and no rent increase while I was living there. Prior to that, lived five years, rent increase a WHOPPING ... 1% per year. (middle of the housing bubble, mind you...) Same before that: 4 years at 1% per year. My rent has gone up when I move, but I moved from a 100-year-old 3 room place to a 1000 sq foot loft in the 'burbs, to a 1500 sq townhouse with a garage, to a 1300 sq foot urban loft four blocks from Trendy Restaurant Row with 16 foot ceilings and a EVSE in a warm basement parking stall that's all mine.
If you can live miserly in 1000-1500 sq ft, that's great. I made the mistake of building a 4500 sq ft custom home (6000 sq ft if you count the basement), which was great when we had a full house, but now that we're empty nesters, it really is excessive. But I should have it paid off in less than 3 years, then I'll have plenty of cash flow to get whatever car I damn well please.
