This whole thing is retarded because mortgages are cheaper than rent. Biggest difference is down payment. You’re not gonna put 100k down to have a 4 k monthly payment for a comparable property you’re renting.
Still stupid to be house poor but numbers are off like crazy
If you were to invest the $1500 differential between cost of home ownership and renting in this scenario monthly across 30 year term in basic index fund your portfolio would be $2.8m. Even adjusting renting for YoY increases and inflation the ‘total cost’ of renting across 30 years would be ~2m. That would represent a $800k ‘profit’ if you will. You would need to in comparison believe your home equity would build $800k free and clear after 30 years in this scenario meaning your $500k home will eventually sell for $1.3m which is a 160% increase in home value. Mind you the $4k/mortgage does not represent total cost of ownership in property taxes, maintenance, realtor commissions and replacement costs which bubbles your total cost of homeownership based on average estimates to $2.5m. That would mean you would need to sell your $500k mortgage for $2.5m to break even representing a 400% increase in home value which only represents 15% of all U.S. home purchases historically. (Mind you, 50% bump of home equity values in past 6-7y due to rapid C*VID printflation which is a historical and financial anomaly) There are very few markets and scenarios where homeowners outperform the stock market from primary residence across 30 year mortgage term. The mortgage is a financial instrument the banks use for mega profits. The only scenario where you have the ability to profit and win from homeownership is speculative emerging high growth markets on 15y mortgage with large down payment north of 20%.
@IAmAlenSultanic@yegormethod From my understanding, the extra rates above 4% is when whop drives traffic towards your good or service. A sale that would’ve never happened without them.
@jessald Make the switch to nano-Hydroxyapatite brother. Much better for you and remineralizes as well. Better for you in every way. What your teeth are actually made of
@mysticlustre@gibbytarot Multiple shells. I would say physical/primal masculine is needed to cultivate divine feminine, and the divine feminine fosters the growth of divine masculine.