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Towards the end of those 30 years the mortgage payment would be tiny compared to rent at the time, and often well before that.
by muzz 10y ago
Towards the end of those 30 years the mortgage payment would be tiny compared to rent at the time, and often well before that.
- user5994461 10y agoWrong. Just because a property value increased steadily in the past 15-30 years doesn't mean it will continue to increase in the 15-30 years. There are lots of cities where prices stopped moving and some where prices went going down compared to the past 5-10 years. Buying a place is far from risk free.