Owning Your Home Is a Wage Slave Trap! https://youtube.com/watch?v=XTk8pSpE7Dc&si=96f6hzgffOZUm4yN
@Mongoliaboo I see. I did not know hownthey calculated thus.
Seems like a Neverending trap if you want to expand. Now youbare simply managing the debt. With increasing taxes and expenses, repairs and legal problems. Not to mention rent moratoriums...
Whenever I interviewed candidates, married fathers with a mortgage were always the best bet - they are the most reliable and hardworking because they have the most to lose.
@sardonicsmile I think same with cars. Too big monopol on them from few big companies and goverment that make money from it.
Because If you are not in cities where you have everything close you are dependant on car where you need to maintain it and buy their parts or their new car.
I think one of biggest traps are the biggest industries like automotive, Construction, healthcare, energy, food, Telecommunication and financial (banks and insurances)
https://www.visualcapitalist.com/visualized-how-much-revenue-automakers-generate-every-second/
@sardonicsmile Flipping houses is just trading with leverage. If your down payment is 20%, then your mortgage is 5x leverage.