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Home Sells for $1,975,000($14,112 Total Payment). Offered For Rent at $7950/mo
It might be $8k today. In 10 years that rent will be $14k with mortgage not changing. In 20 years that rent will be $20k.
Net result is 10 years at $8k (loss of 6k per month for home owner); 10 years at $14k (no gain or loss); 10 years at $20k ($6k gain per month)..... all totaling to a free house for the homeowner after 30 years.
It might be $8k today. In 10 years that rent will be $14k with mortgage not changing. In 20 years that rent will be $20k.
Net result is 10 years at $8k (loss of 6k per month for home owner); 10 years at $14k (no gain or loss); 10 years at $20k ($6k gain per month)..... all totaling to a free house for the homeowner after 30 years.
LMAO at rentcels.
You do realize that $6000 per month for 10 years is $720,000? And this doesn't take into account any appreciation in the investments you'd put that money into......
You do realize that $6000 per month for 10 years is $720,000? And this doesn't take into account any appreciation in the investments you'd put that money into......
$720k vs. $2 mil house for free
Before you talk about the appreciation of your $720k, the house will also appreciate in value. Even if your investments appreciated at a higher rate you've got quite a gap to make up you dumb fucking rentcel. Just go rope already
I love how plebs think real estate is a srs "investment" and not a giant moneyhole. U should get one decent house for yourself and put the rest in stocks. Look at NVDA's returns. Fuking unreal.
Death to all genocidal fascists. Glory to the revolution! Glory to the workers!
I love how plebs think real estate is a srs "investment" and not a giant moneyhole. U should get one decent house for yourself and put the rest in stocks. Look at NVDA's returns. Fuking unreal.
Something always breaks, especially if you try to make real estate a srs investment and deal with multiple properties. It just isn't worth the headache.
Death to all genocidal fascists. Glory to the revolution! Glory to the workers!
It might be $8k today. In 10 years that rent will be $14k with mortgage not changing. In 20 years that rent will be $20k.
Net result is 10 years at $8k (loss of 6k per month for home owner); 10 years at $14k (no gain or loss); 10 years at $20k ($6k gain per month)..... all totaling to a free house for the homeowner after 30 years.
LMAO at rentcels.
Yes, because people in 20 years will happily pay 20k in rent per month. I guess they will be making a million dollars a year and still renting.
You also forgot about taxes and maintenance, which are typically 1% a year each - so after 30 years you're paying 1.2 million for those as well.
Never thought my first post on the new misc would be about the idiocy of home buying, but here we are.
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