It’s actually throwing money into BlackRock.
Comment on well?
peregrin5@piefed.social 10 months ago
paying rent sometimes feels like throwing money into a black hole
TankieTanuki@hexbear.net 10 months ago
LovableSidekick@lemmy.world 10 months ago
Therefore your landlord’s bank account is a black hole. Therefore black holes are inside banks. Therefore the universe is inside a bank.
peregrin5@piefed.social 10 months ago
cosmic horror
underisk@hexbear.net 10 months ago
Only sometimes?
dohpaz42@lemmy.world 10 months ago
The same for mortgages too really. All these people out there toting new construction and how it’s good for property values seem to forget that higher property values means 1) higher property taxes, and 2) higher priority values, for when you sell your home and need to buy a new one.
Sc00ter@lemmy.zip 10 months ago
Not to mention mortgage rates are so damn high that your mortgage payment is basically like paying rent to the bank because you’re barely touching the principal on the loan
tdawg@lemmy.world 10 months ago
This is part of why I’m planning on over saving for my downpayment. If I’m not paying less than my rent there’s no way in hades I’ll ever be able to afford repairs
Sc00ter@lemmy.zip 10 months ago
I just bought a house, and honestly, dont even try to get a above 20% to knock off pmi (assuming thats a thing where you are). When we sold our previous house and did a recast with the proceeds, the difference between hitting 20% and hitting the 20% + $50k was about $200 in monthly payments
balderdash9@lemmy.zip 10 months ago
Don’t worry, the money goes to paying your landlord’s mortgage.