Daily reminder you will never own a house

I already own a small shitbox that has lowered my upkeep significantly

>Nothing wrong with a mortgage being a little higher than rent
>some of the payment reduces the balance
wtf are you trying to say? mortgages are amortized so your payment would remain the same for the life of the loan

Heard of re-financing? After 5 years, re-mortgage back to 30 years = monthly payment reduced, cointard.

>he's building equity

No, he is bagholding, same as you by the sounds of it. RE market has been bleeding all year, and with rising interest rates, prices will come down sharply. All the "flippers" and speculative buyers are about to get REKT.

How long do you plan on being there? I hear duplexes and condos are hard as fuck to resell.

bought a house in Jan of 2017 and it has 72K in equity built already

im in one of the most desirable neighborhoods in one of the most desirable cities. its a no lose proposition

renters lose out on a lot of gainz

You don't sell them. If you want to move to somewhere nice (ie rural with no disgusting duplexes) then you just rent both parts out.

Selling property is bad because of all the associated expenses that hurt the margins.

try again, i bought my own home in ohio for 25k

It's going to be the first property in my portfolio. I'm not trying to flip it. The total payment is $1200 and both sides bring in ~$2k combined. I will stay there for a year at least to fulfill my mortgage terms then move on to my next duplex, it's called house hacking.

Lol, delusion it's funny. What you see on Zillow ain't what you're going to get for your property