Rental property billionaire says buying a home (with a mortgage) is "fancy bullshit" and you should rent instead - eviltoast
  • jj4211@lemmy.world
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    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.