Re: Own a house versus renting; expenses
So as I understand it and you explained it to us, depreciation on real estate is essentially a tax deferred income stream for 27.5 years, until you sell. So you essentially bought a co-op for 15,000 had zero income/loss from it year over year, which was really a tax deferred income, and are complaining that the ROI is only 5% because the property is only worth $145,000? When I work the numbers out, I understand and don't expect you to divulge all the details of your finances to some bozo on the internet, the interest is over 10%.
You don't want to work. You want to live like a king, but the big bad world don't owe you a thing. Get over it--The Eagles