It’s more than just mortgage payments — taxes, maintenance, management fees, empty losses, etc. all make it easy to have negative carrying costs. There are _lo

It’s more than just mortgage payments — taxes, maintenance, management fees, empty losses, etc. all make it easy to have negative carrying costs. There are _lots_ of people owning to rent that don’t cover their actual carrying costs. They just justify it by thinking about the equity growth. In fact, even the default example has negative carry costs. The initial interest on $480k plus $6k isn’t covered by $2k monthly rent, let alone principle payments and a more realistic maintenance amount.