I have always pointed out to my children the magic number of 72. For easy understanding take your intrest rate into the magic number of 72. It works with any intrest rate. In theis case of 10% intrest every 7.2 years your money doubles. This is not to discourage or incourage you, but to slap you with reality in a simple form.
I is poor, and paid alot of intrest in my life, and try to keep the 20% plus intrest rates away from my kids door.
Good Luck on your decesion, rent isn't always a fun thing to pay either.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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