
#1: HOME OWNERSHIP RANT | My Real Beef with the Debate
The Money with Katie Show
00:00
What Is a Return on Investment?
Too few home owners actually keep track of their total costs. You would think that you made a 50 % return on your investment because you bought for 200 and sold for 300. That was just the purchase price. Your total costs include the down payment, all f your mortgage payments of principal and interest,. All of the property tax all of the rance payments, all of the maintenance costs. And lest we not forget the cost to pay back the bank so what would that look like? Conservatively, let's say you put 20 % down. That'd be forty thousand dollars.
Transcript
Play full episode