Hmm… Endlessly give money to someone and own nothing in the end, or repaying a loan over something you own. I wonder which one is best.
Comment on Rent is theft
betanumerus@lemmy.ca 3 months ago
Is it better to pay a bank for a mortgage?
AceOnTrack@lemmy.blahaj.zone 3 months ago
balsoft@lemmy.ml 3 months ago
Generally yes, because you are also building up equity that way. Renting is just money wasted down the drain.
SaveTheTuaHawk@lemmy.ca 3 months ago
ok boomer. Houses are not appreciating any more. The Ponzi scheme reached it’s limit in 2022.
FunkyStuff@lemmy.ml 3 months ago
In every capitalist country the world, the ruling class is organized to ensure its continued ability to appropriate surplus value and leech off labor. I assure you any transient condition that is presently causing the profits of real estate speculators to falter is going to pale in comparison to the massive amount of profit they are set to make over the next decades. It’s no different than the temporary valley in 2008 which was only an opportunity for capitalists to move money into the real estate market.