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Because after 30 years of paying rent... you own nothing. After 30 years of paying a mortgage... you own land and a building.
by Valakas_ 4y ago
Because after 30 years of paying rent... you own nothing.
After 30 years of paying a mortgage... you own land and a building.
- swat535 4y agoOP said that they don't view housing as an investment thus owning the "land" should absolutely not matter. They might as well rent if its cheaper.
- Valakas_ 4y agoAFAIK an investment is when you put money into something expecting it to increase in value. Buying a house just so that at the end you own it is not an investment, that's just a purchase with a loan.