Quote:
Originally Posted by Captain Morgan
Sounds like FTL to me. Seems like nothing more than throwing money at interest, not gaining any equity. Almost sounds like renting, except person gets to also pay for all repairs and take care of all maintenance out of their own pocket. Yeah, sounds an awful lot like FTL to me.
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Not really....If you bought high...then did what was stated above...then short sold, you lost nothing. Then you go out and buy something 72% less than what you paid originally. Cost was cheaper with the tax writeoff then to rent.
Again...FTW.
