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If you've got ten dollars in your right pants pocket, and ten dollars in your left pants pocket, does it really matter which pocket you take the money out of when you buy a hot dog? Especially if you need twenty dollars to buy a bus ticket to get home? I realize that rules are a bit different for government entities. Apparently quite a bit different.
If a person looking at buying a house looks only at the sticker price and not the cost of the mortgage, atxes, insurance and other mandatory expenses, then they are a fool. If you have a perfect crystal ball then you can equate the stream of payments to a net present value. With a less perfcet estiamte of interest and other rates over the life of a loan you can make an estimate, with considerable risk of variance. But to not consider the total cost of the stream of payments is like...