ickplant@lemmy.world to Lemmy Shitpost@lemmy.world · 2 months agoA conundrumlemmy.worldexternal-linkmessage-square273fedilinkarrow-up11.67Karrow-down118
arrow-up11.65Karrow-down1external-linkA conundrumlemmy.worldickplant@lemmy.world to Lemmy Shitpost@lemmy.world · 2 months agomessage-square273fedilink
minus-squareBgugi@lemmy.worldlinkfedilinkarrow-up5·2 months 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-up1·2 months agoAs long as interest is lower than stock market return your mortgage should never go away
minus-squareBgugi@lemmy.worldlinkfedilinkarrow-up2·2 months agoSure, but when you refi to invest, it’s not really “paying for somewhere to live” any more
minus-squarerc__buggy@sh.itjust.workslinkfedilinkarrow-up1·2 months 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