Only the principle builds equity. The rest is all cost.
Wednesday, March 21, 2012
Cost of homeownership - 1
Principle + Interest + HOA + Property Taxes + Insurance + Maintenance + Extras cost of Utilities + Extra cost of Commuting to work + Lost Opportunities for Mobility + Extra purchases just to fill it up with junk
Homeowners
Why do they address them as "Homeowners", when, for all practical purposes, they are mortgagors?
Marketing.
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