Comment on A conundrum
Blue_Morpho@lemmy.world 1 day agoSecond line of credit or mortgage, its still debt.
Your suggestion translates to “Don’t worry about home repairs, just take on more debt to pay them.”
Comment on A conundrum
Blue_Morpho@lemmy.world 1 day agoSecond line of credit or mortgage, its still debt.
Your suggestion translates to “Don’t worry about home repairs, just take on more debt to pay them.”
arrow74@lemmy.zip 1 day ago
Once again everyone knows that is debt. Of course it is debt.
It just so happens to be the lowest interest form of debt you can take and even when added with an existing mortgage payment ia still insanely cheaper than comparable rents for the same property.
My statement is “yes homes have maintenance and that can come at unexpected costs. However you can access low interest debt if you need to. And even if you do you’ll still pay less than renting a comparable property for the same amount of time”
Please consider the whole and dont just take snippets out of context. Homes come with costs, still way cheaper than renting. You don’t have to take out a loan for home maintenance. You can, but you don’t have to.