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[–] [S] 1 point 14 hours ago (2 children)

I was hoping we'd get some discussion happening. If the title of the article put you off, the content is more nuanced.

I know a couple of millennials who were able to do some sleight of hand with renting/not renting and it did help them to get a foot in the door, but this was about 10-12 years ago.

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  • [–] 4 points 11 hours ago (1 child)

    Is it though? Seems like the same talking points people bring up when trying to argue that renting isn't that bad. And it's only getting worse as the housing and cost of living crises make people desperate.

    The stuff about the up-front cost of getting a mortgage is more indicative of a broken system rather than an argument against home ownership. If anything it highlights how fucked up it is that you need a certain amount of money to be deemed worthy of having a place to live that you can't be kicked out of on a whim.

    The argument about maintenance is somewhat valid, but only if you are assuming that landlords act promptly when it comes to maintenance in rentals.

    And the entire article is based on a false premise, because renting is "dead money" in the sense that you are paying someone else's mortgage for the right to have a roof over your head. There's no arguing around that. Yes, home ownership is expensive. But are we really going to pretend that the current rental situation isn't completely fucked? Maybe this article would have made sense a couple decades ago, when a few years in a share house meant you could save enough to break into home ownership. I don't think that's the reality anymore though.

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  • [–] [S] 1 point 10 hours ago

    Thank you for responding. I hope your comment brings other people in. We need to keep discussing so that more people have more knowledge and more language about this situation so that they can talk to others and more voices can be raised. More people must know what the pro and con arguments are so they can advocate for themselves and for others.

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  • [–] 1 point 11 hours ago*

    Tbh it feels to me were starting to propagandaries that unaffordable property is OK, and trying to sanewash making large swaths of the populace being forced to rent?

    I don't feel the article considers all angles, especially how powerful it is when the property is paid off and 30-40% of your expenses (rent/mortgage) vanish. This feels to be a big path to comfortable retirement.

    I sure don't want to have permanent ongoing rent until I die

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  • [–] 1 point 8 hours ago

    As a former renter, current home owner, and reluctant landlord (I bought a place, twice, for my parents to live so they weren't homeless), yes rent is dead money, unless it's cheaper than what a home loan and all the upkeep would cost you. And you what you save to invest in other options.

    But I've yet to see that exist.

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  • [–] 1 point 15 hours ago*

    “Owning your own home isn't always the best decision”

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