nicgentile@lemmy.world to Ask Lemmy@lemmy.world · 2 months agoWhat hyped thing did you fall for that you now regret and have to live with?message-squaremessage-square124fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1message-squareWhat hyped thing did you fall for that you now regret and have to live with?nicgentile@lemmy.world to Ask Lemmy@lemmy.world · 2 months agomessage-square124fedilink
minus-squareZdvarko@lemmy.worldlinkfedilinkarrow-up0·2 months agoRenting. An inescapable financial burden.
minus-squarerenegadespork@lemmy.jelliefrontier.netlinkfedilinkEnglisharrow-up0·2 months agoDid you fall for it because it was hyped or because you couldn’t afford to buy?
minus-squareotp@sh.itjust.workslinkfedilinkarrow-up0·2 months agoSometimes it is hyped because of the “freedom” aspect. In some countries, it’s not even a bad idea because there are a lot more renter protections.
minus-squareJubilantJaguar@lemmy.worldlinkfedilinkarrow-up0·2 months agoNot necessarily. All else being equal, mortgage + property charges + maintenance + tax is usually quite a bit more than rent. The issue is that renters almost never save or invest that delta, they spend it.
minus-squarezipzoopaboop@lemmynsfw.comlinkfedilinkEnglisharrow-up0·2 months agoYou’re missing the value of property going up over time
minus-squarekitnaht@lemmy.worldlinkfedilinkarrow-up0·2 months agoAnd the fact that those payments are technically going to yourself and the ownership of your own equity.
minus-squareTachyonTele@lemm.eelinkfedilinkarrow-up0·2 months agoAnd the fact you need tens of thousands of moneys to buy a property, versus whatever rent is.
minus-squarekitnaht@lemmy.worldlinkfedilinkarrow-up0·2 months agoThere’s these things called banks. And many states have first time homebuyers programs that will help with the down payment.
Renting. An inescapable financial burden.
Did you fall for it because it was hyped or because you couldn’t afford to buy?
Sometimes it is hyped because of the “freedom” aspect.
In some countries, it’s not even a bad idea because there are a lot more renter protections.
Not necessarily. All else being equal, mortgage + property charges + maintenance + tax is usually quite a bit more than rent. The issue is that renters almost never save or invest that delta, they spend it.
You’re missing the value of property going up over time
And the fact that those payments are technically going to yourself and the ownership of your own equity.
And the fact you need tens of thousands of moneys to buy a property, versus whatever rent is.
There’s these things called banks. And many states have first time homebuyers programs that will help with the down payment.
“Wait? The world isn’t the US?!”