[Mortgage Is ‘Just A Fancy Bullsh*t Word For Paying Rent For 30 Years To The Bank,’ Says Real Estate Billionaire Grant Cardone — Here’s Why Renting Could Be A Better Financial Move
](https://finance.yahoo.com/news/mortgage-just-fancy-bullsh-t-171148202.html?guccounter=1)
It’s always cheaper to own given you live an adult life for at least like 15 years. The rub is whether or not you can afford the upfront costs to get a property.
Also you pay for maintenance and repair and taxes and all that nonsense in your rent, it’s just one bill instead of multiple.
Generally cheaper to own, depending on you staying in the same place for 3-5 years and the market conditions in the interim.
If you bought in 2021 and sold just now, you’re probably having a rough time.
I mean if you bought in 2021 and sold now you probably still made about 90k American. But you’d be fucked on the interest rates if you tried to buy again.
But if you were a real estate mogul, and sold a bunch of properties, on average you’d make 90k per property over those two years and not be dealing with interest rates, which is why the guy from the article is telling people to rent.
But you do have a point, it’s not always. If you bought earlier this year and only intended to stay one year, you’re fucked
Depends on your area but most likely not. Homes in my area have fallen ~15% in value. Plus the costs of selling. Plus the costs of buying your new home. Nah.
The average across America have increased by 90k though over that time. Your area is… Strange.
Cost of buying is negligible, it’s really just cost of selling. So fine, you’d come out with like 65k