this post was submitted on 15 Jul 2025
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Based on that definition you never stop paying. Homes values constantly go up. My dad bought a house in the 1970s. 33k.
Today the house has a value of 300k. Took him 30 years to pay off the original mortgage.
part of the reason house prices are always on the up, is because they agree considered an investment not a basic necessity. so there's no interest in building more.
a house shouldn't cost more than construction cost.