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I'd never get into a 30 year mortgage knowingly that after 30 years it'd be less valuable than what I paid. Therefore, want it or not, mean it or not, the whol
by frankreyes 4y ago
I'd never get into a 30 year mortgage knowingly that after 30 years it'd be less valuable than what I paid.
Therefore, want it or not, mean it or not, the whole point of buying a property is to get something that appreciates in value. Otherwise it'd be cheaper or better to just keep renting.
In order to stop being an investment, we need more houses, both in quantity and diversity. Lower the barrier to entry for everyone, everywhere.
- spacemadness 4y agoYou got value. You have a roof over your head and that money isn’t being burned up completely in rent. The problem is people want to enjoy having a nice house and a large return as well. There is no good coming our way from current asset owners pulling up the ladder to new home owners. Salaries cannot keep up with homeowners investment expectations.