🔒Открыть пост
и посмотреть медиа
и посмотреть медиа
Total cost of ownership and negative cash flow
Your own home is a liability with constant negative cash flow. Beyond the mortgage payment, you incur costs for taxes, insurance, major repair contributions, and utility bills for the "extra" square footage.
If you calculate the TCO (Total Cost of Ownership), it turns out that owning costs are comparable to renting a similar apartment. The difference is that when renting, you control your surplus cash, while owning forces you to spend it on maintaining walls.
Do not confuse the cost of living with the cost of owning an asset. The latter is always more expensive due to hidden transactional costs.
#budget #finance #realestate