4 ms·
Yes, but if you live in your own home, you are still paying market rent by means of opportunity cost. You are renting to yourself-- at the market rate.
by liamcardenas 8y ago
Yes, but if you live in your own home, you are still paying market rent by means of opportunity cost.
You are renting to yourself-- at the market rate.
- jdblair 8y agoI still don't follow. As market rent goes up you will be renting to yourself below market rate. Suppose market rent is $2000/month and my mortgage is $2000/month. In 10 years market rate rent has gone up, but my mortgage is still $2000/month.