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But the growing number of the number is the key to a long-lasting belief, which is a homeowner, is the key to financial stability. With mortgage rates from about 6% to 7% hover Home prices are still high prices in many markets, people begin to ask whether math is already meaningful.
“Expenses for an asset that pays 6-7% with interest and 3-4% of costs increases for an asset that does not add historically r / temoneyguy.
The host traditionally viewed as a way create a capital Locking in housing expenses, many commentators say the picture is more complicated today. “Your main house is not an investment. Do not act like a person,” he wrote. In addition to another, “your biggest living expenses, most parts-of-the-part.”
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Others returned. “I’m not sure that it’s like that,” he said, “said the original poster. “Basic and interest, Yes. Insurance, taxes, maintenance? God bless.”
Indeed, many landlords in the rope shared the sharply rising property taxes and insurance in recent years. “Our mortgage is always growing, but it is mainly related to the increase in property tax,” he said. The other said that the insurance has increased three times since the pandemic.
Several people drew attention to that To compare rental and mortgage payments not flat. One explained, “Rent will pay and have a minimum of mortgage.”
Real life examples added Nuans. A commentator wrote about a house sold for $ 1.9 million and Passed $ 500,000New owners invest $ 2.4 million and leave $ 20,000 monthly expenses. “This is not a one-time situation,” he said. “I can show that around all the field around us.”
Tendering: Not surprising, Jeff Bezos conducts more than $ 250 million – This alternative asset has been the S & P 500 since 1995 and 11.4% passed on our average. This is how daily investors started.
Another Redditor, who received a house 25 years ago, purchased $ 143,000, shared the total property expenditures were added to about $ 350,000 to $ 350,000. “By this time, the payments would be added to about 680k dollars,” he said. Again, others claimed that the past and present conditions were wrong. “Today’s buyers are not the same as those who buy 25 years ago,” one responded.