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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JOD 8mo ago

RE is crazy overprice because of the monetary premium but it’s not a scam when you have children. They deserve a consistent place to come home to every day

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Maple Bitcoin 8mo ago

Agreed.

The video is about rentals - not homes that people actually live in.

But it's still a rip off.