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The thing is, rent rises faster than income. That’s why most married people with kids take a mortgage. Mortgage payments stay flat, but the actual expense goes
by xyzzyz 6y ago
The thing is, rent rises faster than income.
That’s why most married people with kids take a mortgage. Mortgage payments stay flat, but the actual expense goes down over time, because you pay less and less of interest and more of principal.
- dvdhnt 6y agoAnecdotally, my mortgage went up every year due to some combination of assessment values, property taxes, or whatever black magic Wells Fargo and the government had in their pocket.