this post was submitted on 05 Dec 2023
94 points (93.5% liked)
Memes
45719 readers
1057 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.
And rent goes up. In 10 years, the mortgage will be the same.
So long as the government continues to exercise control over supply to ensure that your investment goes up. There are places like Japan where the value of your home decreases over time because they build new housing when its needed.