Farilo
2017-11-01 11:45:20
- #1
That’s true! You shouldn’t dramatize it too much.I wouldn’t overdramatize it. Even today you have a continuous debt relationship in the form of rent. If the money doesn’t flow, there’s trouble. What’s the difference? That there’s a residual debt somewhere? You forget that after a few months. Injecting equity is reassuring. Just finance up to 80%, then you know, in case of emergency, you’ll get out of it (with a scratch) again.
But it’s also a difference whether I have to cough up 1200 rent monthly, or a repayment of 1600 + additional costs + reserves. That quickly adds up to 2200 fixed living costs. Then increased fuel costs for 2 cars. So... it’s definitely a difference...
You just have to weigh it up...