I don't have the time to run this but think about two 10 year scenarios.
1) Rent. You pay an average $3500 a year to rent a slip and $500 a year to store your boat for the winter. You take $50,000 and invest it in a safe investment.
2) Buy. You buy a slip for $50,000. You pay $1200 a year in taxes (which you deduct from federal). You pay $750 a year in condo fees. You sell the slip for $100,000 at year 10.
Which one leaves me better off in 2020?
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