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Re:In January, there were more real-estate agents than homes... by imtringued on Monday March 22, 2021 @07:22PM (#26548834)
You have to pay this thing called interest and it's pretty high in the first 10 years. Your equity portion is not that big.
Re:In January, there were more real-estate agents than homes... by monocasa on Monday March 22, 2021 @07:25PM (#26548865)
Yeah, but rent is covering that too, in addition to the equity. You've also got the inherent equity of the house itself being an appreciating asset.

Point is, when renting out an appropriating asset for the same as the monthly payments on your loan, defining "making a profit" as "completely paid off my loans on the appreciating asset that I can sell at any time" is a bit disingenuous.