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by aidenn0
1375 days ago
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Doesn't matter what a random piece of land does; the $200k you owe on your house is $200k more money you have to do other things. If the value of that money goes down by more than 1% per year, then the person with the 0% mortgate and 1% property tax is better off using any money in pocket for literally anything other than paying down the mortgage. |
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> On a million dollar house - you'd get paid $100k per year to live there.