01-23-2007, 06:54 PM
.RJ Wrote:But, over time you're still paying an enormous amount in interest to the bank.
Isn't the guy that owns the property paying interest to the bank? And he's making money off of you.... so you're paying that interest, principal, and profit to him.
No?
Of course, if the market is REALLY bad, and the guy isn't making $, but just barely hanging onto the property, then yes, the renter wins.
The only thing that stops a bad guy with a van is a good guy with a van