Thought this was pretty amazing to see on paper: The costs of renting Many people dont realize that they may be able to own a home for not much more than theyre paying in rent. Check the chart below to see how quickly rent payments can add up over the years. Maybe its time to start paying yourself, and begin the process of building equity in something that lasts — a home of your own.1 Monthly Rent 3 years 10 years 15 years 30 years $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 $1,000 $36,000 $120,000 $180,000 $360,000 $1,250 $45,000 $150,000 $225,000 $450,000 $1,500 $54,000 $180,000 $270,000 $540,000 $1,750 $63,000 $210,000 $315,000 $630,000 $2,000 $72,000 $240,000 $360,000 $720,000 $2,250 $81,000 $270,000 $405,000 $810,000 $2,750 $99,000 $330,000 $495,000 $990,000 $3,000 $108,000 $360,000 $540,000 $1,080,000 ________________________________________
Posted on: Sat, 09 Aug 2014 20:47:32 +0000
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