Where I live paying just the interest component of the mortgage is more expensive than paying rent on a comparable house. Then add on top of that taxes and costs associated with owning a house and it comes out significantly worse.
You are gambling that house prices will raise faster than you are losing money in ownership and interest repayment costs.
That being said I still find value in owning a home as it gives you and your family stability which is worth a lot.
Den Yellek
npub1e2…mnj8p
2024-08-05 00:34:10
in reply to nevent1q…rm0y
Author Public Key
npub1e26dzyg9hp5lgzf9wrpph6ux3884yxmn55pd4rxzr5exne56fsyskmnj8pPublished at
2024-08-05 00:34:10Event JSON
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