this post was submitted on 20 May 2025
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Even if you assume the price of the property doesn't change, it comes down to whether the interest on the mortgage plus property taxes and other fees is more or less than the rental amount (plus any other fees).
Though if the price goes up, even that might not matter. That said, I do hope the housing situation improves, which would realistically involve prices going down instead of up.
Not it doesn't. Debt (and its associated interest) is not the bad part of the mortgage, it's the good part. The bad part is tying your financial future to land speculation and a depreciating asset on top of it. It comes down a bunch of things, including the opportunity cost of the cashflow difference plus the subpar expected returns on real estate equity, and the investment profile of the person to which this advice is being given. Maybe the average person should buy? I guess that can be true, because the average person apparently can't use an online calculator and stick to a long term investment strategy.