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Huge layoffs are happening to 22.4s
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<blockquote data-quote="Up In Smoke" data-source="post: 5524714" data-attributes="member: 79702"><p>Yes, we added a 3% per year increase in value. A 30 yr mortgage at 5%, taxes, interest, insurance, down payment, utilities and maintenance came to $722k. The home value increased from 180k to 326k over that same 30 years. A net loss of 396k. Assuming that they put their down payment into a brokerage account and added the $805 additional dollars per month the purchase would cost them, after 30 years at a 5% return, they would be roughly 250k ahead after deducting 30 years of rent.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5524714, member: 79702"] Yes, we added a 3% per year increase in value. A 30 yr mortgage at 5%, taxes, interest, insurance, down payment, utilities and maintenance came to $722k. The home value increased from 180k to 326k over that same 30 years. A net loss of 396k. Assuming that they put their down payment into a brokerage account and added the $805 additional dollars per month the purchase would cost them, after 30 years at a 5% return, they would be roughly 250k ahead after deducting 30 years of rent. [/QUOTE]
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Huge layoffs are happening to 22.4s
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