Rent is $1800 a month. Would you live in this house?

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Who you paying your mortgage to?

I don't know why people think taking a 30 year loan out on a house is some type win. The 30 year mortgage was created to keep you working for someone in the same area for 30 years but people think it's something else. You're a slave to your home..
 

el_oh_el

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Who you paying your mortgage to?

I don't know why people think taking a 30 year loan out on a house is some type win. The 30 year mortgage was created to keep you working for someone in the same area for 30 years but people think it's something else. You're a slave to your home..
Takes on thecoli.com :mjlol:
 

BelieveBeOK

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they're both the same.. Mortgage ain't nothing but paying rent to the bank.. But idiots think they're doing something special
This is a narrow minded way of looking at it. The two are very different. When you have a mortgage, you actually own the home which is just secured by the bank.

Each mortgage payment you make increases the equity value in the home, which you can then borrow against in future to fund whatever it is you might need to (renovations, small business, down payment on another property, kids education etc.) You also get to realise any gains in the market value when you sell it.

Try borrowing money from a land lord and you'll know the difference quite quickly.
 

Darth Nubian

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Who you paying your mortgage to?

I don't know why people think taking a 30 year loan out on a house is some type win. The 30 year mortgage was created to keep you working for someone in the same area for 30 years but people think it's something else. You're a slave to your home..

You act like you got to stay put because you have a mortgage :russ: People sell and move all the time. You sound broke and confused.
 

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This is a narrow minded way of looking at it. The two are very different. When you have a mortgage, you actually own the home which is just secured by the bank.

Each mortgage payment you make increases the equity value in the home, which you can then borrow against in future to fund whatever it is you might need to (renovations, small business, down payment on another property, kids education etc.) You also get to realise any gains in the market value when you sell it.

Try borrowing money from a land lord and you'll know the difference quite quickly.

:mjlol: probably the dumbest shyt i read today
 
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