Here is a blast from the past. Remember this family from Ventura that had to "buy" a home?See Ventura County Blues
Buying isn't always better than renting. Perhaps they managed to clip $174K worth of coupons. Anyway, it appears that their home-ownership amounted to renting at $2,900 / month for the loss, plus their mortgage payment of $3,500 / month, for a grand total of $6,400 / month.
1793 Wolverton Ave, Camarillo CA 93010
3 beds, 2.0 baths, 1,229 sq ft
Sale History
05/25/2007: $512,000
For Sale: $337,900 (2/18/12)
$337,900 - $512,000 = -$174,100
(assuming it sells for $337K)
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