Quote:
Originally Posted by loepke72
I don't own the house if I'm making payments on it anyway. And if you run afoul of your city by not paying taxes, you'll see just how much ownership you really have. Heck, in some places an HOA can foreclose on you.
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These statements show a fundamental lack of understanding regarding ownership versus loan repayments and taxes.
If renting works for you............good luck with that...........but, for knowledgeable folks who understand appreciation and leverage, home ownership is the only way to go.
I've owned 11 houses via the use of loans and leverage. I'm now down to four, but the benefits of them (estimated return of 1000% on invested capital over 20 years) certainly won't be dismissed by folks who don't understand the principles.