Rental property billionaire says buying a home (with a mortgage) is "fancy bullshit" and you should rent instead - eviltoast
  • Ð Greıt Þu̇mpkin@lemm.ee
    113·
    11 months ago

    How? Mortgage is the same risk exposure as rent with a “landlord” who holds even less responsibility to maintain the quality of the place than in a rent arrangement.

    • jj4211@lemmy.world
      1·
      11 months ago

      No.

      Rent will be a bit higher than comparable mortgage payment.

      A mortgage payment actually ends one day.

      If you move out, you get to sell your house and get a lot of money “back” compared to renting, maybe more than you put in even.

      Even without selling, you have “equity” you can leverage to have secured debt at very attractive rates.