LogFAQs > #884336532

OpheliaAdenade posted...

Twin3Turbo posted...

OpheliaAdenade posted...

Twin3Turbo posted...

Huh? Owning damn near anything is generally going to cost more than renting it (almost always in the long run, but very often even in the short run)

Think of it like this... if I pay 5 dollars to rent a pair of shoes every time I go bowling, once I go 10 times I'll have spent 50 dollars on shoes. Now say I buy my own pair of bowling shoes for 50 dollars and go bowling with them 11 times. :v I've now saved 5 dollars because I didn't have to rent the shoes.

I assumed houses worked the same way.

Ah you're talking about little/simple stuff

I thought we were talking strictly about houses and boats and cars and stuff. Perhaps I shouldn't have made the assumption.

Well, I just kind of assumed it would hold true for bigger things too. :u Just... bigger numbers.

Well the biggest difference between a pair of shoes and a say a house in general is:

1. You put down a down payment and continue to pay into it over time (99% of cases).You don't do that with a pair of bowling shoes

2. You're going to have to pay for maintenance and repairs and interest(99% of cases) on a house.

3. You'll also have to pay insurance.

Basically there are extraneous expenses with owning a house compared to owning shoes, where you just make a purchase and never have to put any more money into the asset.
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