The average US mortgage is $250,000 at 7% over 30 years.


Total repayment? $598,000.
You borrow $250K and pay back $598K.
$348,000 straight to the bank.
For nothing.
Then you pay to fix up the house.
Stuff breaks.
You pay insurance monthly.
Property taxes every year.
3–6% in realtor fees when you sell.
And we act like renting is throwing money away.
There is a strong argument for renting.
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