Yeah I “fell” for it cause I can’t afford a house/don’t have parents that can help with a down payment. But seeing how much shit my homeowner friends have to deal with makes me honestly pretty grateful not to be a homeowner.
I know there’s downsides, but I don’t want kids and am locked in at COVID pricing, so I don’t really care for purchasing anything either.
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.
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.
Yeah I “fell” for it cause I can’t afford a house/don’t have parents that can help with a down payment. But seeing how much shit my homeowner friends have to deal with makes me honestly pretty grateful not to be a homeowner.
I know there’s downsides, but I don’t want kids and am locked in at COVID pricing, so I don’t really care for purchasing anything either.
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.
“Wait? The world isn’t the US?!”
Depends on where your at.
My mortgage doesn’t go up every year, but rent always does! I now pay significantly less than the average rent in my area. Fun times.