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> Condos at least build some equity That equity is only monthly payment - debt, taxes. So the real difference is that you can invest X in your property or X-ow
by davidgay 4y ago
> Condos at least build some equity
That equity is only monthly payment - debt, taxes. So the real difference is that you can invest X in your property or X-owner's profit in the investment of your choice.
- riku_iki 4y agoIf you take loan, it is also leveraged investment with some tax benefits, and lower risk: you can file for foreclosure if underwater without need to pay out of debts.