ickplant@lemmy.world to Lemmy Shitpost@lemmy.world · 2 days agoA conundrumlemmy.worldimagemessage-square255fedilinkarrow-up11.57Karrow-down118
arrow-up11.55Karrow-down1imageA conundrumlemmy.worldickplant@lemmy.world to Lemmy Shitpost@lemmy.world · 2 days agomessage-square255fedilink
minus-squareBgugi@lemmy.worldlinkfedilinkarrow-up4·1 day agoThat decision is true today, but realistically your rent will grow much faster than your mortgage (plus escrow) payment, and your mortgage payment goes away.
minus-squarerc__buggy@sh.itjust.workslinkfedilinkarrow-up1·1 day agoAs long as interest is lower than stock market return your mortgage should never go away
minus-squareBgugi@lemmy.worldlinkfedilinkarrow-up2·1 day agoSure, but when you refi to invest, it’s not really “paying for somewhere to live” any more
minus-squarerc__buggy@sh.itjust.workslinkfedilinkarrow-up1·1 day agoWell OK. Will not help anyone paycheck to paycheck. If the person can get out of that trap, then into the market they go
That decision is true today, but realistically your rent will grow much faster than your mortgage (plus escrow) payment, and your mortgage payment goes away.
As long as interest is lower than stock market return your mortgage should never go away
Sure, but when you refi to invest, it’s not really “paying for somewhere to live” any more
Well OK. Will not help anyone paycheck to paycheck. If the person can get out of that trap, then into the market they go