Comment on Brave truth teller.
goetzit@lemmy.world 11 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 11 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 11 months ago
You’re still paying for the water heater, the expense is just hidden over long term inflated rent prices.
goldenbough@lemmy.world 11 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.