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      05-28-2020, 11:23 PM   #76
dreamingat30fps
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Drives: Miata, Cayenne, Model 3, F350
Join Date: Jan 2010
Location: South Florida & NC

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Quote:
Originally Posted by NorCalAthlete View Post
Great for the auto industry though.

"Can't afford a house; fuck it. Might as well get a new BMW. What difference does a $1,000 / month car payment make if any mortgage is gonna be $5,000 / month?"

I think I've gone through...let's see...10 vehicles in almost as many years? 5 used, 5 new, no leases just buy low / resell as high as I can / take good care of them. At the end of the day it amounts to less than I'd pay for a lease.
But if the owner of the home paid $500k or whatever crazy prices the homes are going for there... wouldn't the rent be equally as crazy as mortgage payments? I mean if I'm the landlord I would want to recoup my cost and still make a profit. If I were to look at rent for a similar house to mine in my area the rent is more than my mortgage payment, even when I account for insurance, tax etc.
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