4 ms·
A car decreases in value each year, houses on average over time increases in value. Rent also increases but the loan don't increase so only changes in the inter
by rypskar 9y ago
A car decreases in value each year, houses on average over time increases in value. Rent also increases but the loan don't increase so only changes in the interest will change how much you have to pay. (Not saying 140 year mortgage is a good thing, plan to pay down mine in 10-15 years if I don't move, but still think it could be better than renting)
- moduspol 9y agoYou're right--auto values don't increase the way houses typically do, so it's not the best comparison.