Timeline for Why is it good to borrow money to buy a house?
Current License: CC BY-SA 3.0
4 events
| when toggle format | what | by | license | comment | |
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| Aug 4, 2016 at 14:58 | comment | added | Chris Degnen | @Grade'Eh'Bacon I have added a modeling details panel to my answer. | |
| Aug 4, 2016 at 14:56 | history | edited | Chris Degnen | CC BY-SA 3.0 |
added 86 characters in body
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| Aug 4, 2016 at 14:31 | comment | added | Chris Degnen | @Grade'Eh'Bacon Actually the application specifically does not ignore the impact of saving money while renting. As it says at the bottom, "The comparison assumes the use of equivalent capital" - so any difference between the buyer's mortgage and the tenant's rent is invested by the tenant at the deposit rate. As for point A, the down payment, for simplicity the application models a 100% mortgage, so there is no down payment. | |
| Aug 4, 2016 at 8:32 | history | answered | Chris Degnen | CC BY-SA 3.0 |