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June 29, 2009

Comments

Richard

You should add the following:

condo/strata fees
utilities
property taxes
maintenance (boiler, roof, lawn, etc)
garbage pick up costs- if there is one.
inflation rate

then;
if renting Rate of return on the down payment if not used to buy a house. (tbill, stock, etc)
choice to invest difference, example; rent $1000 owned house; $1500 diff. $500

the NYT has a very nice flash based one;
http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html

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