03-20-2018, 01:13 PM
(This post was last modified: 03-20-2018, 01:17 PM by Coke6pk.
Edit Reason: Hit Reply too quickly LOL
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(03-19-2018, 05:36 PM)creative Wrote: Mortgage payments plus down payment does add up to the ultimate cost of a house.
Technically true. But we don't use stats that way in a normal setting.
One would say, we bought our house for $400,000, and not $1.7 million because I factored in interest on my mortgage, property taxes, a new roof, maintenance on the appliances, etc.
One would say, I bought my car for $12,000, not $236,000 because I included the interest on my loan, the licencing fees, insurance, car repairs, fuel, etc.
Coke
** OOPS - ijmorlan basically said this already.... maybe I should read all the replies before replying.... LOL **