3 ms·
Your mortgage includes a principal component that is your money. So you’re making money, just not liquid cash. House prices have gone up in the meanwhile. So yo
by satya71 5y ago
Your mortgage includes a principal component that is your money. So you’re making money, just not liquid cash. House prices have gone up in the meanwhile. So you might even be ahead, no rents not withstanding.
- aww_dang 5y agoAll prices went up. Imagine a hypothetical where the op sells his property for an increased price, but the purchasing power is the same. Did he really gain? Also consider capital gains taxes in this scenario.
- nickthemagicman 5y agoFalse, there's a certain cost just for a house existing. Property taxes and insurance. It's literally thousands of dollars yearly yet adds zero dollars to a properties worth and increases as fast as property values go up as they're indexed to property values.