Quote:
Originally Posted by Ironic Mustache
you forgot the fact that even though the value may only increase by 5% per year, I'm also not obligated to pay rent or a mortgage payment, which basically equates to a conservative $18,000 a year (give or take) that I save by not wasting money paying rent.
|
Right. Which is why the spread in my example was 5% - 30% and not 5% - 10%. (Which, even if it was the latter, you'd still be saving $25,000 a year off of $500k starting anyway... k this is getting way too nerdy).