[gassiss]

> In a lot of places, mortgage payments are around the same as rent, so if you can "buy" (qualify for a good mortgage) you'll be paying less AND your net worth will be growing

sure you'll be paying less, but you'll also be buying a lot of risk. You don't own anything until it's fully paid, and if the interest rates skyrocket good luck with bankruptcy

[causi]

interest rates skyrocket good luck with bankruptcy

What kind of lunatic doesn't get a fixed-rate mortgage?

[imtringued]

What kind of lunatic offers a fixed rate mortgage for 30 years? If people knew anything about banking they would realize that this type of mortgage can only exist in the form of a government subsidy.

[pharmakom]

This is the norm outside of the US