@JerryBanfieldIC So you confirm your shilling? You are exactly the problem crypto projects need to distance itself from. What have you created using the tech you keep preaching about?
Another investor influencer wannabe regurgitating the Grant Cardone playbook.
If buying a house with a mortgage is dumb, is renting somehow financially intelligent?
A mortgage payment isn’t simply an expense. Part of it progressively converts into equity in an asset you own. Rent converts into equity for somebody else.
Yes, there are circumstances where renting and investing the difference can outperform home ownership. But that requires discipline, favourable investment returns and an honest comparison including rent inflation, taxes, maintenance and mortgage interest etc..
The real advantage of property is leverage. You might put 10 to 20% down but participate in the appreciation of 100% of the asset while gradually reducing the debt with future, generally less valuable money.
So buying a house isn’t dumb. Buying a house you can’t afford is dumb. Overpaying might be dumb but pretending renting is automatically superior because some influencer discovered opportunity cost, definitely is…
@RealAlexJones Alex, I think we speak for most, if not all families, when we say “fuck off” We’ve enough to be bothering us, like the expense of Christmas to be in any way arsed with your nuclear simulations.