I’m starting to feel like there’s not much choice
wait until you hear about renting (for those of us who really don’t have a choice) - you get to be a wage slave and at the mercy of a greedy landlord…
by buying a house you get to be a wage slave for a couple dozen years, By renting you can be a wage slave for your whole life
By renting a home, you’ll pay 1300 a month for the rest of your life.
By buying a home, you’ll pay 800 dollars a month for the rest of your life, with the occasional 5 - 10 thousand dollars surprises every now and again.
Except in the end you can also sell that house for $600k-$900k+ at 65 years old then use half of that to rent the next 30 years and have the rest to do whatever the fuck you want.
It’s cute that you think life is inexpensive once you pay off your mortgage at 65 and have spent several thousand dollars throughout the years maintaining that house that would’ve otherwise been put into your savings account
If it weren’t more profitable to own a house than it were to rent, there wouldn’t be such a thing as landlords.
No one said it wasn’t. It’s just that people think it’s easier and more profitable than it often is. also people for some reason are okay with giving a bank an absurd amount of money just because they think it’s a better deal. And no I don’t have to like giving money to a landlord to make this observation
It’s less about that the money gets spent and more about the outcome. The money is burned either way, but now maybe my kids will have it easier and can save their money. Maybe we can start to build more generational wealth, and their kids can have even better lives.
Ah yes. Fill a landlords pocket or a bank. Does it really matter? At least after you pay your mortgage off, that money just goes to taxes and then you “own” that property. Instead of renting until you die. Get real.
I have done both, home ownership is also expensive and more stressful. Unless you’ve owned a home for over 10 years maybe don’t get so mad at me for telling you that the American dream is a lie
I’m a wage slave and I can’t even afford a house 👍
Either way, you end up slaving away for someone else’s profit. Either a landlord or a bank.
I think they were implying that it turned out to be both rather than either.
Eh, owning land is the closest thing a regular person can have to a real investment. I bought a shitty house back in 2019 and sold it recently without having made any improvements to it at all, yet it sold for enough money to offset all of the mortgage payments I’d made since purchasing it. Sure, all it did was make me break even on housing, rather than actually profiting from it, but that’s a hell of a lot better than 4 years of $1,000+ rent payments a month down the drain. I’d likely have made a decent profit if I’d done anything to fix it up.
I used the money from the sale to buy an actually decent house in a better neighborhood that I’d never have been able to afford back in 2019, even though my financial situation has stayed pretty much the same. And this house will likely sell for an actual profit in a few years if I decide to move again, while being a great place to live in the meantime to boot.
I accept that I will not benefit from this. But my son will. Even if he sells it once I’m gone and helps him elsewhere. Just got to not fail as a parent and teach him not to spend it on ethots!
Until you get laid off in corporate downsizing to increase profits by .5% and then you can’t afford your mortgage and the bank seizes your house
But actually a lot of businesses do the same, so there’s now a lot of middle size repossessed houses on the market and no-one that can buy them. So they auction it, and another corporation buys it up for their rental portfolio at half the price you paid. So now the bank comes after you for the rest of the money, for the rest of your life.
But you can feel happy that the banks didn’t lose, and the corporations won!
