- Mortgage payment is always WORSE in the short term compared to rent payment. However rent goes up, and unlike mortgage is not fixed. So while I may be paying $1000 in mortgage but only $800 in rent, in ~ 10 years I will be paying $1000 in mortgage and $1300 in rent. And in 20 years, etc.
- You are correct about investing in properties as pure long-term investments vs stocks/bonds/etc. While mortgage may seem better, it is a singular point of investment, while stocks/bonds/etc allow you to diversify.
- You are correct about investing in properties as pure long-term investments vs stocks/bonds/etc. While mortgage may seem better, it is a singular point of investment, while stocks/bonds/etc allow you to diversify.