Quote:
Originally Posted by motion
This got me thinking.... what if you don't pay your mortgage when its due, on the first of the month? I wonder if additional interest is being piled onto your account balance? Seems it might... its a 2-way street, right? Any thoughts?
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As the kids say, "well DUH!"
This thread makes me glad that I married a numbers cruncher. Now we only pay rent to the local government for our "paid for" abode....
Alas, it's not really paid for. IMO, you never "own" property. You rent it from the Government...
This is one factor that made me decide to quit being a landlord. With real estate, the government knows exactly what you have, where it is, and it decides what you are going to pay...and pay...
Once I had that figured out, the only real estate I'm interested in owning is the real estate I live on. There are better investment methods. But that's just my opinion. To each his own...