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| Topic | Why do people buy houses if they live alone? |
| Paragon21XX 08/17/19 3:48:53 PM #21: | -Increases net worth (100% of rent payment reduces net worth. Principal payments on a mortgage does not reduce net worth. Also as the value of the home goes up, equity increases the same amount which in turn increases overall net worth) -Have more stability than renting (Rent can easily go up as much as 10% for the next year, so unless you move out to a new apartment, you're stuck paying it. Fixed rate mortgages remain constant for the entire life of the loan even during periods of high inflation.) -Have freedom to do whatever modifications one desires (Hate the appliances your rental has? Tough shit, you're stuck with them. Hate the wall colors? Better ask for permission from the landlord before painting, and it must be a licensed painter. Want a private pool? Nope, you're stuck with the community pool if the apartment complex or neighborhood even has one.) --- Hmm... ... Copied to Clipboard! |
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