Re:Home ownership is the West’s biggest economic-policy mistake
by akomtu on Tuesday April 20, 2021 @03:39PM
(#26880327)
No, you don't get to live in "your" house rent free. About 3% of the house value per year goes to property taxes, repairs, utility bills, grass lawn maintenance, hoa dues, insurance and so on. A paid off house is like a brokerage account with insane fees and liability.
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Re:Home ownership is the West’s biggest economic-policy mistake
by jjav on Tuesday April 20, 2021 @04:45PM
(#26881392)
The cost of owning a house needs to always be compared to the alternative. By owning, the principal+interest payment disappears when it is paid off. Sure you continue paying other expenses. If you rent, you pay the full and increasing market rate, forever.