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Even if home prices stay flat, it would increase the would-be-renters' wealth. Their payments would not only build equity which can transfer to another purcha
by SantalBlush 4y ago
Even if home prices stay flat, it would increase the would-be-renters' wealth. Their payments would not only build equity which can transfer to another purchase, but once they pay off a home, the payments are finished. That means more net-positive cash flows to their own pockets. The notion that home prices need to rise for wealth building is completely and unequivocally false.
- ac29 4y ago> once they pay off a home, the payments are finished Property taxes and maintenance costs continue forever.