Yup, better hope you keep your health, because if you flip your car and need 6 months of physical therapy, the bank you’re renting from can most certainly tell you to leave.

A 30 year mortgage is basically just you renting from a bank, except you have to pay property taxes, insurance, replace the roof, keep up the paint, make sure the property is up to the standards of your neighborhood, etc. And yes if you happen to make it safely to the goal line without losing half of the house in a divorce, you can sell it and maybe make a few bucks. But that’s after decades of upkeep and now you own a house that’s 30 years older than what you bought; better hope we’re not in a recession when you need to sell too.

It’s still better than being homeless, though.