Of course there’s expenses involved. My point is that the equity part is the same and does not factor into the expenses. If you want to buy a share of some $100 stock but don’t have enough money for it, then you can take out a loan for that $100. Let’s say that every month, you pay 1$ in interest and $1 in principle on each payment for a total of $2/month. Your monthly expenses for owning this stock is $1, not $2. With each payment, you get $1 with of equity, and when the whole thing is paid off, you have something that is worth $100 which you paid $200 for.
People say “It’s immoral to buy a house for an investment, landlords must provide hosing for renters at cost.” and the turn right around in the next breath and state “A rental property is an investment.” Pick one. You can’t have both.
Sounds like you’re grouping me with others that have differing opinions. Not that there would be any contradiction in anything I said even if that were my position. If you treat housing like an investment, then it mathematically behaves like any other investment. Morality does not factor into the math.
Of course there’s expenses involved. My point is that the equity part is the same and does not factor into the expenses. If you want to buy a share of some $100 stock but don’t have enough money for it, then you can take out a loan for that $100. Let’s say that every month, you pay 1$ in interest and $1 in principle on each payment for a total of $2/month. Your monthly expenses for owning this stock is $1, not $2. With each payment, you get $1 with of equity, and when the whole thing is paid off, you have something that is worth $100 which you paid $200 for.
Sounds like you’re grouping me with others that have differing opinions. Not that there would be any contradiction in anything I said even if that were my position. If you treat housing like an investment, then it mathematically behaves like any other investment. Morality does not factor into the math.