4 ms·
A lot of old people can't afford the upkeep of a house though.
by trgn 3y ago
A lot of old people can't afford the upkeep of a house though.
- FirmwareBurner 3y agoAn apartment is not a house. Upkeep for an apartment is reasonable. You're paying for the upkeep if you rent anyway since it's included in the rent, except you're paying to upkeep something you don't own..
- reedjosh 3y agoFine, but they can still sell it for a lump sum and rent. Thus it truly is like retirement savings. Further, a mortgage uses other people's money as leverage on an appreciating asset. Of course it's not always a great deal, but here in the states, inflation and low mortgage rates generally combine to make this a killer deal -- if you can actually get in the market at all that is.