• ArchRecord@lemm.ee
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        1 month ago

        But having a mortgage does put you on the path to becoming one.

        Have a mortgage you pay for long enough, and you’ll end up with ever decreasing payments, then no mortgage, and a house.

        Have rent you pay for long enough, and you’ll have ever increasing payments, and never own a cent of the property when you quit.

      • Luca@lemmy.world
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        1 month ago

        For me, my apartments was proprietary of the bank till i managed to full repay the loan.