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Nov 24, 2015
4:57:02pm
donnerstag All-American
They may have lost $25K, but how much would it have cost to rent for 8 years?
Assuming conservative rents are about $600 X 96 months = 57K lost.

Assuming stagnant property value on a $150K home on a 30 year loan, you pay almost primarily interest in the first 8 years and then have to eat the realtor fees when you sell. $50K in interest + $8K in realtor fees = $58K in losses

A $25K loss doesn't look so bad compared to the alternatives.
donnerstag
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donnerstag
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