Posted by JPiper on May 20, 2000 at 02:47:34:
Just thought I’d mention that in some areas a lease with $100 rent credit, along with a locked in sales price, won’t beat a mortgage at all. Perhaps you’re overlooking the interest rate deduction.
$100 rent credit would beat the typical beginning amortization on many 30 year mortgages. However, in a large portion of the USA, rent at least equals the mortgage payment…if not more…thus making the interest rate deduction loom large in the comparison.