When will people realize that their mortgages are exactly the same thing?
The company store credit card of slaves.
Housing is a necessity. You can either pay your landlord, or pay yourself. Your rent is NEVER paid off. Your mortgage is eventually paid off. Choose wisely.
I strongly disagree with you. I kind of like the idea of paying a 30-year fixed rate mortgage at 3% when the inflation rate is being reported at 8% but is probably much higher than that.
“When will people realize that their mortgages are exactly the same thing?
The company store credit card of slaves.”
How about that, I slaved my way to financial independence and didn’t even know it.
“When will people realize that their mortgages are exactly the same thing?
The company store credit card of slaves.”
LOL!
I bought my house in 2014 for $350k, 20% down. Refinanced. Mis about $230 with $1600 payments. A 2-br apartment rents for over $2k.
The similar house next door (a little larger by 125 sqft
) sold last month for $850k.
Money freed up by mortgage went stayed in quality dividend-paying stocks.