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It takes all of five minutes clicking around on Zillow to prove without a shred of doubt that yes, it is more cash flow negative than having a mortgage, by a ma
by yellowapple 4y ago
It takes all of five minutes clicking around on Zillow to prove without a shred of doubt that yes, it is more cash flow negative than having a mortgage, by a margin on the scale of hundreds of dollars at minimum.
This really should not be surprising, considering the number of SFHs owned by landlords using their tenants' rent payments to pay for the mortgage and property taxes and profit on top of that (that being the situation of my now-deceased father and still-living stepmother, whose landlord has on multiple occasions jacked up the rent to cover the new mortgage payments from refinances).