1) My uncle lives in a suburb in New York. He was paying $900 per month to rent a small 2 bedroom apartment. He bought a 3 bedroom house for $130,000; it is much bigger, nicer and monthly payment (including taxes and insurance) is less than his previous apartment. Moreover, he is not just giving that money away; it is contributing towards the equity. At some point, he will have no rent and own the house out right.
2) How about the cost of Insurance? Let's add that to the expenses as well. Thanks to Obamacare, we are now able to get healthcare; Insurance company previously denied our treatment due to pre-existing condition despite charging $1,500 per month.
3) I am exploring that option, but most people still use big banks.
4) Of course, I got deals. I own my phone outright, and pay $50 per month for pre-paid data plan. My 50 mbps internet + digital TV (mid-package) is $55 per month. No contracts. But most people are still paying $100 for phone and $100 for cable.
2) How about the cost of Insurance? Let's add that to the expenses as well. Thanks to Obamacare, we are now able to get healthcare; Insurance company previously denied our treatment due to pre-existing condition despite charging $1,500 per month.
3) I am exploring that option, but most people still use big banks.
4) Of course, I got deals. I own my phone outright, and pay $50 per month for pre-paid data plan. My 50 mbps internet + digital TV (mid-package) is $55 per month. No contracts. But most people are still paying $100 for phone and $100 for cable.