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Old 06-29-2010, 06:40 AM   #17
NoRegrets
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When you pay off the slip (or pay cash) you have a capital asset that can be a part of ones net worth. After 20 years of renting or leasing all you have is the fond memories. There is an emotional value to owership and a sense that you can control your destiny. If the payments don't impact lifestyle or future obligations then I would think the purchase makes sense.
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