Re:The 30-Year Mortgage Is an Intrinsically Toxic Product (2...
by pjc50 on Saturday July 22, 2023 @03:29AM
(#36824179)
> been able to live without stress about all the responsibilities that come with owning a house
A lot of renters report that being forced to move house regularly is a huge source of stress.
> rent is money down the drain, mortgage payments is money you keep in the end
Mortgage is paying rent on a house-sized chunk of money which you have to spend on a house. Economically they're similar. Except the US has a big tax advantage which is only available to morgagors. (Does it also have the home capital gains tax exemption?)
A lot of renters report that being forced to move house regularly is a huge source of stress.
> rent is money down the drain, mortgage payments is money you keep in the end
Mortgage is paying rent on a house-sized chunk of money which you have to spend on a house. Economically they're similar. Except the US has a big tax advantage which is only available to morgagors. (Does it also have the home capital gains tax exemption?)