Use the table below to calculate how much money you will have paid in rent by the time you finish your degree. When you pay rent, you are paying the landlord’s mortgage and you get nothing, while the landlord receives all the Tax Benefits and Appreciation from owning real estate.
Years Until Graduation
|
Monthly Rent
|
|||||
|---|---|---|---|---|---|
|
Two Years
|
Three Years
|
Four Years
|
Five Years
|
Six
Years |
|
|
$300
|
$7,200
|
$10,800
|
$14,400
|
$18,000
|
$21,600
|
|
$325
|
$7,800
|
$11,700
|
$15,600
|
$19,500
|
$23,400
|
|
$350
|
$8,400
|
$12,600
|
$16,800
|
$21,000
|
$25,200
|
|
$375
|
$9,000
|
$13,500
|
$18,000
|
$22,500
|
$27,000
|
|
$400
|
$9,600
|
$14,400
|
$19,200
|
$24,000
|
$28,800
|
|
$450
|
$10,800
|
$16,200
|
$21,600
|
$27,000
|
$32,400
|
|
$500
|
$12,000
|
$18,000
|
$24,000
|
$30,000
|
$36,000
|
Your Landlord says “Thank You”.
Look at the next section to see the amount in TAX BENEFITS you could have earned last year in addition to building equity, if you had owned a condo or townhome to live in instead of renting.