Comment on How I Installed DIY Solar Power and Started Running My House on Batteries

• Squizzy@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

  Go on?

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  • lemming741@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

    Real estate agents are like used car salesmen, they tell you what you want to hear.

    Monthly payments are a wool pull, a trick the finance people use to obscure the real numbers.

    -3925 + 2722 = 30% loss

    If there was a positive return, it’d be cheaper for a buyer to buy without and add it themselves.

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    • Squizzy@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      Its cheaper for people to build a house themselves but they dont because there is value in the works being completed previously and being in turn key condition.

      I didn’t get financing and my numbers showed a 7 year pay back. My capital investment was savings, which immediately reduced my monthly from 250 to zero.

      I dont know what a wool pull is but minimising monthly costs has been hugely positive.

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