Interesting to hear so many on here touting the awesomeness of a paid off home. If you think that you don't have a monthly payment after your house is paid off, you are sorely mistaken.
I own my house.
I still have to pay around $400/mo just for the taxes and insurance. That is never going away and is certainly only going to continue to rise as taxes increase year after year.
Rentals are no different. Even if you own it, there are still taxes, insurance and repairs to be paid. The only difference is that someone else is paying for those...until the gov't gives them a free ride on your dime that is.
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I own my house.
I still have to pay around $400/mo just for the taxes and insurance. That is never going away and is certainly only going to continue to rise as taxes increase year after year.
Rentals are no different. Even if you own it, there are still taxes, insurance and repairs to be paid. The only difference is that someone else is paying for those...until the gov't gives them a free ride on your dime that is.
Sent from my SM-S901U using Tapatalk