The premium for homeownership has grown in recent years as home insurance, upkeep, and high mortgage rates skew the buying vs. renting math.
  • ArchRecord@lemm.eeEnglish
    6·
    1 month ago

    But having a mortgage does put you on the path to becoming one.

    Have a mortgage you pay for long enough, and you’ll end up with ever decreasing payments, then no mortgage, and a house.

    Have rent you pay for long enough, and you’ll have ever increasing payments, and never own a cent of the property when you quit.