re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.

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But that doesn’t mean the person paying on it “made” any money. Say a person buys a house at 425k 7.5% interest for 30 years (with 20% down). By the time they pay off the mortgage they will have spent well over a million dollars in payments (principal, interest, down payment) not to mention repairs, upgrades, taxes, upkeep, insurance, etc.

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I completely understand this. But if you are paying more to rent than just your house payment, are you going to be saving enough to end up with an asset the equivalent of your home later? If you are, great. For a lot of people, that home is a large part of their retirement fund.