@[email protected] to [email protected] • 5 months agoOwning a home has rarely been this much more expensive than rentingfinance.yahoo.comexternal-linkmessage-square161fedilinkarrow-up1365
arrow-up1365external-linkOwning a home has rarely been this much more expensive than rentingfinance.yahoo.com@[email protected] to [email protected] • 5 months agomessage-square161fedilink
minus-squareTodd Bonzalezlinkfedilink2•5 months agoNo. Having mortgage dues doesn’t make one not a homeowner.
minus-squareArchRecordlinkfedilinkEnglish6•5 months agoBut having a mortgage does put you on the path to becoming one. Have a mortgage you pay for long enough, and you’ll end up with ever decreasing payments, then no mortgage, and a house. Have rent you pay for long enough, and you’ll have ever increasing payments, and never own a cent of the property when you quit.
minus-squareLucalinkfedilinkEnglish1•5 months agoFor me, my apartments was proprietary of the bank till i managed to full repay the loan.
minus-squareTodd Bonzalezlinkfedilink1•5 months agoThat’s not really how loans or equity works, but okay.
No. Having mortgage dues doesn’t make one not a homeowner.
But having a mortgage does put you on the path to becoming one.
Have a mortgage you pay for long enough, and you’ll end up with ever decreasing payments, then no mortgage, and a house.
Have rent you pay for long enough, and you’ll have ever increasing payments, and never own a cent of the property when you quit.
For me, my apartments was proprietary of the bank till i managed to full repay the loan.
That’s not really how loans or equity works, but okay.