KLK,I agree that a certain ibiangtnle benefit needs to be reflected in the PITI. I am of the opinion that it is very low, and probably more than offset by other expenses, risks, and encumbrances to paying PITI.For example: if a bunch of gong-ringing hippies move next door, it's going to cost me at least 7% to change houses. If I am renting, I just pull up stakes and move to a more agreeable neighborhood. Either that, or I have to Round-up their dope garden, and hope they move.Being able to improve your house is normally offset by the requirement to maintain your place.I think it is a wash, at best. YMMV.

by Arpine 09:16:07 PM 2012.08.30