On the other hand, you get really cheap leverage on your down payment, a 30 yr mortgage is a spectacular deal (lots of upside of rates go up, no downside if rates go down since you can refinance), and big govt subsidies (mortgages are subsidized plus multiple significant tax breaks for homeowner)
delicious_points t1_ja88h5o wrote
Reply to comment by Nagisan in Is buying a condo by 30 a realistic and smart goal by Slow-Suspect-8460
On the other hand, you get really cheap leverage on your down payment, a 30 yr mortgage is a spectacular deal (lots of upside of rates go up, no downside if rates go down since you can refinance), and big govt subsidies (mortgages are subsidized plus multiple significant tax breaks for homeowner)