this post was submitted on 02 Oct 2023
1165 points (90.5% liked)

Memes

45679 readers
893 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
1165
Don't be fooled Billy, it's not really a job, more of a parasitic relationship (lemmy.world)
submitted 1 year ago by [email protected] to c/[email protected]
291 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 7 points 1 year ago

That’s how a mortgage works. But the point is that after those 30 years you have a million dollar asset. That you had your tenants pay for.

For a regular plebs like us that’s not a winning proposition because we can’t have our money tied up for 30 years but for people who don’t need their money liquid, it’s free real estate