@[email protected] to [email protected] • 2 days agoOwning a home has rarely been this much more expensive than rentingfinance.yahoo.commessage-square150fedilinkarrow-up1353
arrow-up1353external-linkOwning a home has rarely been this much more expensive than rentingfinance.yahoo.com@[email protected] to [email protected] • 2 days agomessage-square150fedilink
minus-squareTodd Bonzalezlinkfedilink2•1 day agoNo. Having mortgage dues doesn’t make one not a homeowner.
minus-squareArchRecordlinkfedilinkEnglish6•17 hours agoBut having a mortgage does put you on the path to becoming one. Have a mortgage you pay for long enough, and you’ll end up with ever decreasing payments, then no mortgage, and a house. Have rent you pay for long enough, and you’ll have ever increasing payments, and never own a cent of the property when you quit.
minus-squareLucalinkfedilinkEnglish1•15 hours agoFor me, my apartments was proprietary of the bank till i managed to full repay the loan.
minus-squareTodd Bonzalezlinkfedilink1•11 hours agoThat’s not really how loans or equity works, but okay.
Do they mean “buying” instead of “owning”?
No. Having mortgage dues doesn’t make one not a homeowner.
But having a mortgage does put you on the path to becoming one.
Have a mortgage you pay for long enough, and you’ll end up with ever decreasing payments, then no mortgage, and a house.
Have rent you pay for long enough, and you’ll have ever increasing payments, and never own a cent of the property when you quit.
For me, my apartments was proprietary of the bank till i managed to full repay the loan.
That’s not really how loans or equity works, but okay.