If you have some savings for a down payment, you'll pay mortgage from the rent?

C

crgarcia

If you have some savings (few Americans do, not even those driving BMWs), and you can afford to wait:

You may get a house at the price of the down payment, you just pay the monthly mortgages with the rent.

Of course you still need some money for a down payment, to cover the difference.
 
Quote from 34985347859:

are you stupid or just being a smart ass

in some places house prices have dropped to a point where the minimum rent one can collect from that property covers the monthly mortgage payment

making it a safe investment, even if we assume house prices might fall some additional 20%

in my opinion, it is not a smart investment if one predicts the following: more than 5% decrease in the US population, more than 10% decrease in the number of people living or willing to live in the area where the house is being purchased, more than 30% additional decrease in the value of the property, more than 15% decrease in rental income

but I don't predict any of the above, I actually believe the opposite will happen

think about it; what are the major technological breakthroughs in the last decade in this country? do you see any plans for investment in research and development? what is this clown's goal, does he even know what he is doing? how are those who are making a positive impact on the society being rewarded?

my answers to the above questions lead me to believe this country is going the route most third world countries are in
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This investment has a 10 year+ timeframe.

Even if prices fluctuate 20-30% in the next 5-7 years, I'm not selling yet.

This is a long term investment.
 
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