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RE: LeoThread 2025-05-13 02:48

in LeoFinance5 months ago

Part 9/12:

Homeownership frequently promises lower living costs once the mortgage is paid off. However, this assumption is flawed due to mental accounting biases. While removing a mortgage reduces cash flow needs, it may simultaneously elevate the invisible costs associated with opportunity costs on invested equity, resulting in a paradox where a mortgage-free home could become more expensive than one with ongoing mortgage payments.

The Happiness Factor: Are Homeowners Happier?