Global Feed Post Login
Replying to Avatar Nostr News Network

You don’t own your home if you are forced to pay property taxes, you’re renting for 30+ years & you call it ownership but a house is a liability not an asset:

• Mortgage Interest 7% x 30

• Property taxes 2% x 30

• Maintenance 1% x 30

• Insurance ?% x 30

The bank, govt & insurance companies are likely to make more money on you buying a house than you are! Don’t hate the messenger. GC

Avatar
Contra 6mo ago

You pay taxes on your paycheck also. Do you own that money then?

Reply to this note

Please Login to reply.

Discussion

No replies yet.