/biz/ - Business & Finance

>>345735

You dumbass.

No one is telling anyone they should buy a house with $2000 monthly mortgage.

I just did calculations with 4.17% on a 30 year for a $100,000 house and the monthly payment is $487 dollars.

$500 month rent is not bad. Hell if you are a frugal McScrooge you can rent a room to some hipster for $100-$200.

In 30 fucking years you won't have to pay mortgage ever again. If you didn't like the house and had more money to spend you could rent it out to more hipsters or sell it at a profit.

I mean if you want to pay for someone elses mortgage for the rest of your life so they don't have to pay, then go right ahead because in reality you are paying the debt of others.

>>301714

>I don't understand what dividends are
>I don't understand how bond funds work
>I don't understand what "total return" means