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Replying to Avatar Maple Bitcoin

The average person has no idea how much they actually pay for their house with a mortgage

An example:

Mortgage: $500,000

Term: 30 years

Rate: 6%

Interest: $610,000

Total cost: $1.1 MILLION

The banks won't tell you this

The schools won't tell you this

And it's by design

It's all smoke and mirrors

Real estate is a scam

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pingstahu 8mo ago

So u think real estate in general is a scam or only in combination with a mortgage?

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Jor 8mo ago

All aspects.

Extremely overvalued IMO

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