patrick.net

Well crazy people got to live somewhere.

But how neurotic is this.
My house mortgage $1400
to rent the same house in South Fla $1800

CaptainShuddup says

But how neurotic is this.

My house mortgage $1400

to rent the same house in South Fla $1800

You should sell and rent.

Add maintenance, property taxes, depreciation and insurance - then take a little off your taxes for mortgage interest, if it's really better than taking the standard deduction - and you're far above the $1800 it would cost to rent.

I'm failing to understand how you guys say I'm losing money.
Even if I put the $400 a month into the bank.
That's $4800 a year I'm saving.
I could buy a new roof like every 4 years. Which isn't likely nor necessary.
What I do spend on upkeep and repair is more like I'm spending money on an interest or hobby than and investment that I keep having to spend money on. It's not like I have tenants running the place into the ground. HydroCabron says

if it's really better than taking the standard deduction - and you're far above the $1800 it would cost to rent.

I really really REALLY!!! Wish you guys would buy a house. so You would know what you're talking about.

If you have a house that the mortgage is $1400 a month on. The standard deduction is far greater than the mortgage deduction. You can't claim both.
So unless you've got enough itemized deductions to go along with that mortgage deduction, then it really doesn't do Jack Squat for me. That is more for you BA area types and one percenters like your selves.

HydroCabron says

Add maintenance, property taxes, depreciation and insurance

Maintenance isn't an issue the savings is already baked in.
You guys understand how mortgages work right?
I mean you do understand that whole Escrow thing where your taxes and insurance is factored into your monthly mortgage payment?

Go buy a house Son, it's really not as scary as you've been scared into believing. You've just got to move out of LaLa land. Get over the mountain, the air is clean the grass is green and sun still shines, and $1400 a month is ALWAYS cheaper than $1800 a month. Even on a shitty day, when nothing is going right.