3 ms·
That's an excellent point, but a mortgage is not the only route to true home ownership. You could work and rent in a city with high salaries and low rent vs. pu
by nilkn 14y ago
That's an excellent point, but a mortgage is not the only route to true home ownership. You could work and rent in a city with high salaries and low rent vs. purchase prices, then retire in a very cheap area where you can just buy a house with cash saved up, thereby paying no interest whatsoever on the house and keeping maximum mobility during your career.
- fragsworth 14y ago> a city with high salaries and low rent vs. purchase prices This is not easy to find and the market typically corrects itself over the course of a few months to a year, unless there is rent control.