Re:Solving the housing crisis requires fighting monopolies i...
by davidgay on Saturday June 04, 2022 @10:43PM
(#31627491)
> Condos at least build some equity
That equity is only monthly payment - debt, taxes. So the real difference is that you can invest X in your property or X-owner's profit in the investment of your choice.
Re:Solving the housing crisis requires fighting monopolies i...
by riku_iki on Saturday June 04, 2022 @10:52PM
(#31627551)
If you take loan, it is also leveraged investment with some tax benefits, and lower risk: you can file for foreclosure if underwater without need to pay out of debts.
That equity is only monthly payment - debt, taxes. So the real difference is that you can invest X in your property or X-owner's profit in the investment of your choice.