I lile pur landlord.
He lets me into his pool, I offer my IT skills for their upkeep.
He keeps the rent relatively low.
Everyone is more or less happy.
I could.
If I had said equity.
But life is unfair and I don’t have it. And until then, I can do my share of repayment he offers me by free entry to the pool.
I lile pur landlord.
He lets me into his pool, I offer my IT skills for their upkeep.
He keeps the rent relatively low.
Everyone is more or less happy.
So: You are wrong.
You could have the same relationship with that person, with a similar mortgage payment, while building equity.
I could.
If I had said equity.
But life is unfair and I don’t have it. And until then, I can do my share of repayment he offers me by free entry to the pool.
You can also not own and then not have to maintain a house, if life is good without equity.