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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