Comment on Brave truth teller.
goetzit@lemmy.world 6 months agoNot everyone, but the vast majority of everyone, and even those who don’t want to buy would still probably be better off with owning instead of renting.
“Going a few hundred grand in debt to buy a non-liquid asset” a house is probably the best asset you could buy for yourself, and also, do you think you’re saving money renting? Do you think a landlord is losing money on his mortgage? You’re covering the mortgage anyway, and then a premium for not having it in your name.
goldenbough@lemmy.world 6 months ago
Renting over owning is a more stable outlay (no “surprise, you need a new water heater” expenses for renters) and it gives flexibility for moving with any kind of frequency. I agree that home ownership should be more attainable and affordable, but it’s not a clean win 100% of the time for everyone.
Arbiter@lemmy.world 6 months ago
You’re still paying for the water heater, the expense is just hidden over long term inflated rent prices.
goldenbough@lemmy.world 6 months ago
Yes, a bigger built into the rental price (“inflated” is a loaded term; rents can be inflated, but a rental price set to cover mortgage and amortized expenses isn’t by definition inflated), but it’s still stable.
sukhmel@programming.dev 6 months ago
Yeah, also way more stable in countries where you are not protected by the law and may be told get outta the property you’re renting less than a month in advance. And in countries where you’re protected, the landlord will usually get in your arse checking if you’re a fraud, this makes renting quite a bit more of a problem.