Originally Posted by lil_1_2002
Your property will get equity if house prices keep going up. Its just that you wont be putting any money into it of your own. If you think about it, most of ur montly payments are intesrt anyway, maybe like 1-300 bucks a month of a 1500-2000 house mayment goes to principle.
if that is the case I feel sorry for whoever has that.
out of the 1500 (1400 actually but we pay 1500). 1050 of it goes to principle for me.
but we manage our finances very well.