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/biz/ - Business & Finance


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53468334 No.53468334 [Reply] [Original]

is a myth
If you are or become suboptimal, say goodbye to a steady paycheck. This is why I'd never bother with huge debt i.e. mortgage. You could be paying it for years and BAM. You lose your stream of income and foreclose the home basically making all the money you spent moot. This is why I won't move out unless I buy a home in cash

>> No.53468373

>>53468334
If you have tobsell your home you get your deposit and any profit you made back. Doesn't render the whole thing pointless just because you sold.
If you can't see this then you deserve to rent forever.

>> No.53468394

>>53468373
>If you have tobsell your home you get your deposit and any profit you made back.
>deposit
Sounds like cap
>profit
If you mean the unrealized, they are more likely to be losses because the real estate market is topping out

>> No.53468402

>>53468373
also idk how the foreclosure process looks like, but I highly doubt it would be the the ex-owner's gain