4 ms·
You think 90% of the mortgage is equity?? It would take you a decade for the equity you earn to match the interests you pay. (http://www.mortgagecalculator.org
by conanbatt 10y ago
You think 90% of the mortgage is equity??
It would take you a decade for the equity you earn to match the interests you pay. (http://www.mortgagecalculator.org/ http://www.mortgagecalculator.org/ to fool around).
Theres property that rented out produces 2% income. If you can make more than 2% a year, then renters will be richer and compundingly so if they rent over buy.
- forgetsusername 10y ago>Theres property that rented out produces 2% income. Exactly right. Most people here have probably seen nothing but rising house prices their adult life. Even with a massive bust, people still believe it. In reality, real returns to real estate are barely above inflation.