The Hidden Cost of Homeownership: Eye-Opening Facts Imagine

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The Hidden Cost of Homeownership: Eye-Opening Facts Imagine buying a $500,000 house with a $400,000 mortgage, paying it off over 30 years. The bank will rake in around $500,000 in interest from money it essentially created from nothing. This means 5-10 years of your hard work go straight into paying just the interest. 🤯 This is why financial institutions are so fond of real estate investors.

The Hidden Cost of Homeownership: Eye-Opening Facts
Imagine buying a $500,000 house with a $400,000 mortgage, paying it off over 30 years. 
The bank will rake in around $500,000 in interest from money it essentially created from nothing.
This means 5-10 years of your hard work go straight into paying just the interest.
🤯
This is why financial institutions are so fond of real estate investors.