Fixed rate mortgage FTW, but the right analogy is taxes. In most states your home taxes will get reassest every year. They almost never go down.
So that's similar to the rent raise. Home ownership in the USA is one of the few assets where a wealth tax is applied.
It's still way better financially to own than to rent. Zero question about it.
BarbellsAndBitcoin
npub1j6h…l67v
2024-03-22 23:53:19
in reply to nevent1q…vfcq
Author Public Key
npub1j6hg2caayf9vn73cf24u4aqfzf8tq743hcr5u5de79aspswsyvms59l67vPublished at
2024-03-22 23:53:19Event JSON
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