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

• lemming741@lemmy.world ⁨1⁩ ⁨week⁩ 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 ⁨1⁩ ⁨week⁩ 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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