5 ms·
> If you work 40 hours, 9-5, then Monday and Tuesday are dedicated to paying for your house. Every week. If your housing was paid off, your weekend would be lon
by matt_wulfeck 10y ago
> If you work 40 hours, 9-5, then Monday and Tuesday are dedicated to paying for your house. Every week. If your housing was paid off, your weekend would be longer than your work week.
Isn't this only true if you don't have a fixed rate mortgage? If you bought a house in the 90s then I'm almost sure you're paying less than the average of rent your house might fetch. I've never amortized the cost over the lifetime of the house though.
- roel_v 10y agoYes, the OP's economic analysis is amateurish at best. Also, only the interest part of mortgage payments are a 'cost' at all.