MrSteve
"to rent a house worth $280K costs $1K a month
to pay interest on a $280K loan costs $1,600 a month
thats $600 better off or $7K P.A to rent."
You are looking at it through renters eyes, you say it will cost you only $1000 a month, but I say it will only cost me $600 a month to own and lease it, aswell as have the benefits of capital gains.....
