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by NTDF9
3446 days ago
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>> If you need a house to live in, the monthly rent for a 1MM house is likely going to be over $3k.Over 30 years this will come out to be $1.08M, much more than the $870k in mortgage interest + taxes for owning the house Over 30 years, if house prices go down due to whatever reason, so will rents (more or less). Homeowners will be underwater and suck up all the downside risk. Renters will remain free of crushing debt. The only way homeowners are protected is if the house appreciates enough to eat up that downside risk before a future catastrophe arrives, right? |
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