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I am paying almost $200K on interest and buying a townhouse for $230K. Will I recover my investment

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October 28 2013 - US
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In addition to what Robert said, you also have your mortgage interest tax deduction to take into consideration. 
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October 28 2013
While the value of your home may never reach the value of the total amount of payments over the 30 years (assuming you're financing over 30 years), another important variable in the equation is the alternative cost.  If you weren't going to live in your home, what is your alternative?  If the alternative is renting, then without a doubt buying a home is the better option.  

Renting is exchanging your money for a roof over your head each month.  At the end of the month, you have nothing more than another check to write to keep the roof over your head.  With home ownership, you are building equity each month.  In the future, you can use this equity for moving up into a bigger home, or you can keep the townhouse as a rental and let someone else make the payments, and build equity for you.
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