Originally Posted by
SkyHigh
If you were to purchase a home with the cost of training and education instead in 30 years you would have an asset that has doubled in value three times, provides excellent write-offs and is producing a monthly rental income that is equivalent of first year FO pay. Most likely by then it will be equivalent to captain pay.
Oh, and lets not forget that you can also live in it.
SkyHigh
And this money comes from where? Poof! I have 200,000 dollars to buy a house. Wrong, nobody will just give that to you. You have to earn it with payments plus a 20% down payment. And there are very few professions that will allow you to live plus afford morgage payment. Not too many high school graduates plunk down for a home the day after they graduate