4 ms·
People always talk about how “you pay more in interest than principle for the first X years” but seemingly forget that you pay some principle always, versus nev
by jakear 7y ago
People always talk about how “you pay more in interest than principle for the first X years” but seemingly forget that you pay some principle always, versus never paying any principle renting. And in my area (Seattle), the rent vs. mortgage monthly prices aren’t all too different, but with mortgage you get some of it back, plus appreciation.
But I won’t fight too hard against people being pro-rent, as my family makes a good chunk of change off of them :)