Quote:
Originally Posted by mikemhg
That's the thing with people too, they take out a mortgage and think that's owning. If you have a morgage, you do not own the property, the bank does.
So in the end, what does it even matter?
|
They don't own it forever, right now in this market the bank owns 28% of my house, I own the rest of it. That could of course change if the prices dropped a lot but with the amount of equity I have the market would have to drop by 300% to get me upside down which isn't happening. I should be mortgage free before my kids out of high school which isn't to terrible IMO, just in time for me to remortgage and pay for his University. 
__________________
The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I donīt care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. Thatīs how winning is done. Now, if you know what you worth, go out and get what you worth. - Rocky Balboa
|