This is one thing that people who dont own forget. Shit breaks. Thats why the bank will refuse you a $2400 a month mortgage when your paying $3200 in rent. In the middle of winter when the hot water heater shits the bed, you will miss a payment to fix it. What about next month when the cars transmission explodes? Thats why banks need you to prove so hard you can cover a mortgage.
You are losing money long term for convenience and freedom and thats fine so long as you’re aware thats what you’re doing.
Crazy? Nobody.
This is one thing that people who dont own forget. Shit breaks. Thats why the bank will refuse you a $2400 a month mortgage when your paying $3200 in rent. In the middle of winter when the hot water heater shits the bed, you will miss a payment to fix it. What about next month when the cars transmission explodes? Thats why banks need you to prove so hard you can cover a mortgage.
You are losing money long term for convenience and freedom and thats fine so long as you’re aware thats what you’re doing.
There’s a lot to be said for convenience and freedom.