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submitted 9 months ago by balderdash9@lemmy.zip to c/memes@lemmy.world
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[-] PoopingCough@lemmy.world 25 points 9 months ago

Sounds like you have a highly subsidized mortgage. That's why you're being downvoted. Investments are supposed to have risk. The risk of not making a profit is what you take on when you purchase real estate as an investment. It is not a renters problem whether you are profitable or not.

The only benefit I get by continuing to own the property is the appreciation in equity and principle payments to the mortgage.

Sounds like you're still getting a sweet deal then. Once the mortgage is paid off you will own property outright that you paid very little for compared to it's value.

this post was submitted on 11 Jan 2024
1104 points (93.3% liked)

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