LogFAQs > #973936340

Payzmaykr posted...

Once youve owned your home for 10+ years and want to sell, your profits are limited to:

original cost + (value of renovations x 2) = profit

That formula does not take inflation into account, when one of your goals is to encourage owning property for the long term (long enough that inflation matters). A major advantage of a fixed-rate mortgage is that it effectively becomes "cheaper" over time, even if you pay the same amount each month, because that monthly payment is worth slightly less each time you pay it.