this post was submitted on 01 Apr 2024
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Asklemmy
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Fair enough, my point was more that people that just assume that mortgage payment is X and is less than rent therefore I'm am being robbed aren't looking at the whole picture, or aren't being honest.
Except the mortgage payment ends after 30 years, and what you pay into the house is yours afterwards. Sure, the insurance and other taxes continue - but once the house is paid off, it's done. I paid my mortgage off in 5 years by dumping every last dime I had into it and living off of nothing but scraps.