Geeky100

Home ownership isn’t the deal that everyone makes it out to be. If I had it to do over again, I would be living in an apartment and saving money hand over fist.

Here’s my mortgage broken down:

• 55% Interest
• 21% Taxes
• 16% Principal
• 4% PMI
• 4% Insurance

Only 16% of my mortgage is actually paying down the house, and houses generate other expenses, like additional utilities, maintenance, etc.

People say renting an apartment is throwing money away. I say buying a house is throwing money away.  You’re just paying the bank instead of the landlord.

People say silly things – think for yourself before you buy.