3 ms·
Hah, I'll give you another explanation. You always have a a due to pay rent. There is no way too avoid that. When you buy a property you become the recipient o
by conanbatt 9y ago
Hah, I'll give you another explanation.
You always have a a due to pay rent. There is no way too avoid that. When you buy a property you become the recipient of the rent you pay: if you pay rent to yourself, you still have to take it from your paycheck, and the landlord gets his profit. If you dont, then the landlord(yourself) is giving you a place for free.
This explanation is practical in the following sense: you are thinking of buying property, and on the same block you see 2 houses that are identical in every regard except one: one is offered at rent at below market price. Which is the best strategy?