Quote:
Originally Posted by uh-oh
But a mortgage is just paying rent to a bank.
|
You'll never see your rent money again once you pay it. It's gone. It's someone else's.
A mortgage is like the bank forcing you to put away money for 30 years. A sizable portion of your mortgage money gets eaten up by interest that goes to the bank, yes, but that gets offset or in most cases exceeded, over time, by the appreciating value of your asset.
If you rent for the next 30 years you won't have shit to show for it. Pay a mortgage for 30 years and you have an asset that's worth a lot of money.
Also, it surprises me that you're not the type to fix his own clogged sink.