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But except for the interest that is still money going to the landlord as they have the property itself.
by alexgmcm 6y ago
But except for the interest that is still money going to the landlord as they have the property itself.
- boringg 6y agoInterest, capital expenditures, maintenance, insurance, potential lawsuits (hopefully not), time spent managing the properties. Don't disagree with you - it pays off the principal also goes towards other things. For some people not owning, having to take care of a property or put significant amounts of capital into a property is an asset. Not everyone for sure, but some people. For example myself until my late 30s was a happy renter - would I prefer the money going elsewhere? Yes. Would I have been able to afford the same lifestyle in the city? Absolutely not.