3 ms·
Your edited-in statement is wrong. Though the mortgage appreciates in value, this appreciation is pretty small and is highly unlikely to cover the cost of maint
by cynicalkane 17y ago
Your edited-in statement is wrong. Though the mortgage appreciates in value, this appreciation is pretty small and is highly unlikely to cover the cost of maintaining a home (which the rent covers).
Mortgages are good if you want to own a house outright. For many people, this is actually an economic disadvantage, because now they have this big expensive asset that demands a lot of attention and is hard to get rid of. Unless you are gonna be there for a decade plus, better to let a property manager worry about it.