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A comment on Homeowner vs. Renter: Why Should You Ever Buy a House (at all)?.

Re:Homeowner vs. Renter: Why Should You Ever Buy a House (a... by nazgulnarsil on Monday May 12, 2008 @04:14PM (#187923)
1. pay downpayment 2. let other people rent from you, pay mortgage with that rent 3. profit.

the downpayment you made gets paid back into the equity on the house within the first couple of years. everything after that is FREE EQUITY.

[ Parent | on HN ]
Re:Homeowner vs. Renter: Why Should You Ever Buy a House (a... by nazgulnarsil on Monday May 12, 2008 @04:17PM (#187925)
also: I blame this partly on the attitudes of today's generation. they can't seem to distinguish between owning and borrowing.

Is music DRM preventing people from making good financial decisions in other aspects of life?

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