6 ms·
> In a lot of places, mortgage payments are around the same as rent, so if you can "buy" (qualify for a good mortgage) you'll be paying less AND your net worth
by gassiss 4y ago
> In a lot of places, mortgage payments are around the same as rent, so if you can "buy" (qualify for a good mortgage) you'll be paying less AND your net worth will be growing
sure you'll be paying less, but you'll also be buying a lot of risk. You don't own anything until it's fully paid, and if the interest rates skyrocket good luck with bankruptcy
- causi 4y agointerest rates skyrocket good luck with bankruptcy What kind of lunatic doesn't get a fixed-rate mortgage?
- pharmakom 4y agoThis is the norm outside of the US
- imtringued 4y agoWhat kind of lunatic offers a fixed rate mortgage for 30 years? If people knew anything about banking they would realize that this type of mortgage can only exist in the form of a government subsidy.