[Mortgage Is ‘Just A Fancy Bullsh*t Word For Paying Rent For 30 Years To The Bank,’ Says Real Estate Billionaire Grant Cardone — Here’s Why Renting Could Be A Better Financial Move
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its kind of not. we own now. its great. everytime we pay our mortgage, which feels exactly the same as when we were paying rent, we are in essence saving that money as we get it back when we sell this place (which is all contigent on how much its worth when we sell etc).
when we were paying rent, we paid the landperson’s mortgage off month by month, making themmrew wealthy. upkeep is always a part of everything you own.
Spoken like someone who has never had a surprise maintenance issue pop up unexpectedly that costs multiple times your monthly mortgage.
True, you need to be able to afford to home while you’re living in it, but you make all of that up and more when you sell the property.
Also, your “costs multiple times your monthly mortgage” comment is a rare thing. Usually its just a couple of hundred dollars type of repair, and its a few times in a year.