| jonesable wrote:|
but what about property taxes and all that
If the house is only $340k for that size, I'd imagine that property taxes wouldn't be that much, still less than rent.
Finding utilities, property tax, insurance, etc money is easier than all of that PLUS mortgage money
Why do you think it's a better idea to mortgage the principal home the kids will be living in?
Investing the money instead? What investment reliably appreciates more than real estate? (all investments have short term bubbles and prices are quite low now)