2 ms·

you completely didn't read what I wrote, you are not following along. you are wrong. read it again, if you reserve a private piece of real estate for yourself,

you completely didn't read what I wrote, you are not following along. you are wrong. read it again, if you reserve a private piece of real estate for yourself, whether by leasing it or buying it, you pay the same rent every month. Buying a house does not save you rent. The rent that you think you are not paying is rent that somebody else would be paying you. Not receiving that is the same as getting it and paying it back out.

polishdude20 3y ago
Yeah I'm lost. Please read these statements and tell me if you agree or disagree: 1) Paying actual rent helps someone else pay off their house and that money is never able to be recouped by you. 2) Buying a house and living in it requires you to pay for it. 3) Buying a house a paying for it eventually ends when the mortgage is paid off. 4) when the mortgage is paid off, you now can choose to sell your house for money. 5) you can now use that money to buy another house in the future and live in that one. 6) you could rent out your house to others in which case they'd be paying down your mortgage. 7) when you rent out your house to others, you yourself need somewhere to live. 8) wherever you live you will need to pay for. Either through renting yourself or buying another property and paying down it's mortgage.
- andromeduck 3y ago
  Renting is generally just about enough to maintain a mortgage. The premium if any can be though of as option value should you need to move in near ish future, or otherwise from appreciation. A renter who rents the equivalent property and puts their savings into the stock market can generally expect the same or better risk adjusted returns though real estate generally alows you to take on more leverage than with equity bc of lower volatility and there are some tax advantages if you're in a high tax bracket bc interest can be deducted.

polishdude20 3y ago

Yeah I'm lost. Please read these statements and tell me if you agree or disagree: 1) Paying actual rent helps someone else pay off their house and that money is never able to be recouped by you. 2) Buying a house and living in it requires you to pay for it. 3) Buying a house a paying for it eventually ends when the mortgage is paid off. 4) when the mortgage is paid off, you now can choose to sell your house for money. 5) you can now use that money to buy another house in the future and live in that one. 6) you could rent out your house to others in which case they'd be paying down your mortgage. 7) when you rent out your house to others, you yourself need somewhere to live. 8) wherever you live you will need to pay for. Either through renting yourself or buying another property and paying down it's mortgage.

andromeduck 3y ago
Renting is generally just about enough to maintain a mortgage. The premium if any can be though of as option value should you need to move in near ish future, or otherwise from appreciation. A renter who rents the equivalent property and puts their savings into the stock market can generally expect the same or better risk adjusted returns though real estate generally alows you to take on more leverage than with equity bc of lower volatility and there are some tax advantages if you're in a high tax bracket bc interest can be deducted.