Comment on A conundrum
MystikIncarnate@lemmy.ca 1 week ago
I went from an apartment that cost ~$1250/mo. To a mortgage that costs ~$4300/mo. Just got the “privilege” of owning a home (and paying for all repairs myself).
I can only afford this because of the people I’m sharing that cost with. We’re all on the deed, and we all have a stake, and claim to, the house. Four of us.
My payment didn’t really change.
The only way we could get to the point of a down payment is that one of the four of us has been saving for something like this since they were in highschool. Because of their effort, we had enough for a down payment.
And I’m lucky to be in this position.
What a fucking crock of shit.
Despite all of this, I’m hoping the market takes a dive so the rest of you can do the same at a much more affordable rate. I’ve already spent the money and I’ll be spending years paying it off. I didn’t buy a house up objectively save money, I bought a house for stability. I never want to move ever again. There are good reasons for that which I won’t get into. I promise that I will have ZERO issues if you all get a better deal than I did. I hope you do, and I hope the housing market, specifically the rental/flipping/“income property” markets crash, hard.
In the same way, I’ve paid off my school debt, I’m in favor of school debt forgiveness. I also enjoy pretty good health, I’m in favor of universal healthcare. I’ve never caused, not been the victim of a fire, I’m in favor of fire departments.
I could go on.
Good luck everyone.
Damn $4300 a month. I thought my $2600 was steep.
Right before we moved my rent had gone up to $2500 so it was a push. Now when we first started living there the rent was $1400 and the landlord had even refied so his mortgage was cheaper at the end. When we were moving up and he drove up in a brand new Rivian that I’m pretty sure I basically paid for…
To be fair, it’s a pretty large home. I’m living with my SO, my brother and his wife and there’s a couple of offspring that needed space too. Our house has ~5 ish bedrooms. Considering the number of people who live here, it can feel small. If it was just me and my SO, this would be humungous.
But that also means that we have four fully grown adults helping with the mortgage. So my share of the mortgage is around $1100 ish, per month, and we split most of the household bills, so I usually throw in about $400 more to help with that. I personally pay about $1500/mo.
My SO does the same, and we’ve encouraged my brother and his wife to also do the same. If everyone pays $1500 towards the house every month, we have more than enough to cover all the bills (electric/gas/water), as well as shared things like the Internet. Also that’s enough to cover the house insurance.
Yeah that actually sounds a little better than me. I’m the main bread winner and I’m responsible for almost all of it. It can be a little stressful at times
Yeah, I went from $1200 rent to a $1300 mortgage but the city added $50k more value to the assesment so between taxes and insurance it’s going up to $1700/mo next year so that’s fun. I don’t know how many more years of that I could afford cuz $2600 just isn’t doable for me :/
prole@lemmy.blahaj.zone 1 week ago
That’s commie talk
MystikIncarnate@lemmy.ca 1 week ago
I’m glad I don’t live in America then.
prole@lemmy.blahaj.zone 1 week ago
aren’t you lucky