A Mortgage is like the bank raping you

[winb83]

a 30 year mortgage is 360 months so multiplying your monthly payment by 360 is the final cost of the house. i have a friend with an $800 a month payment for a $90,000 mortgage. his final cost of his house is gonna be $288,000 he'll have paid for the house 3.2 times over if he takes the whole 30 years and pays as scheduled. shyt is brutal.

 

[ElChapin]

Damn 90,000 for a house is a steal. Here in new york city 400,000 gets you an ok house. You have to spen way more for anything real nice.

 

[MikelArteta]

average house cost in toronto is over 600k

Average Toronto home now more than 600K - Toronto - CBC News

even with 30 percent down, still need a mortage of 420k don't even want to work it out, banks make a killing left and right, and if you have a variable mortgage they can up that interest rate and screw you over more

 

[MR. SNIFLES]

a 30 year mortgage is 360 months so multiplying your monthly payment by 360 is the final cost of the house. i have a friend with an $800 a month payment for a $90,000 mortgage. his final cost of his house is gonna be $288,000 he'll have paid for the house 3.2 times over if he takes the whole 30 years and pays as scheduled. shyt is brutal.

WTF KINDA INTEREST RATE IS THAT? THAT shyt IS NOT NORMAL.

 

[Angel On The Rag]

that's why you stack bread and pay that shyt with the quickness

 

[...and some waffle fries]

So owning your own house is rapping as opposed 2 renting something you'll never own.

nikka got bad ass credit and they raped him.

 

[Malcolmxxx_23]

average house cost in toronto is over 600k

Average Toronto home now more than 600K - Toronto - CBC News

even with 30 percent down, still need a mortage of 420k don't even want to work it out, banks make a killing left and right, and if you have a variable mortgage they can up that interest rate and screw you over more

what bank you deal with breh

 

[PabloEscobar]

Capitalism is like society raping you.(if you werent born rich)

 

[winb83]

WTF KINDA INTEREST RATE IS THAT? THAT shyt IS NOT NORMAL.

its just the compound interest killing him.

 

[TheBigBopper]

a 30 year mortgage is 360 months so multiplying your monthly payment by 360 is the final cost of the house. i have a friend with an $800 a month payment for a $90,000 mortgage. his final cost of his house is gonna be $288,000 he'll have paid for the house 3.2 times over if he takes the whole 30 years and pays as scheduled. shyt is brutal.

Your friend got some shytty ass credit

 

[MikelArteta]

what bank you deal with breh

royal

its my parents house though, i jst house sit


crib is worth almost a mill, bought for 550k a few years ago mortgage of about 150k left

 

[TheBigBopper]

royal

its my parents house though, i jst house sit


crib is worth almost a mill, bought for 550k a few years ago mortgage of about 150k left

Where they at then?

 

[Dirk Diggler]

A mortage is liberation, WHY? Because you can watch porn with the volume up and its YOURS when you pay it off. For me its more about the amenities the house offers as opposed to how much I am paying for it. When my wife gets on my nerves I close the door to the basement AND SHE BETTA NOT OPEN IT because that is my space. Try that shyt in an apartment.....

 

[winb83]

Your friend got some shytty ass credit

some of that payment is probably the insurance you gotta do when you put less than 20% down but even still on a $100k mortgage at 3.5% you'll still end up paying $61k in interest over the life of the loan if you make the regular monthly payments.

 

[BlvdBrawler]

A mortage is liberation, WHY? Because you can watch porn with the volume up and its YOURS when you pay it off. For me its more about the amenities the house offers as opposed to how much I am paying for it. When my wife gets on my nerves I close the door to the basement AND SHE BETTA NOT OPEN IT because that is my space. Try that shyt in an apartment.....

Your perspective is pure awesomeness.