You have to spend money to live, there is basically no location you can get shelter without paying.And if you get a significant mortgage, you'll just be paying interest for the next 10 years and barely get any in the house. while still paying property tax.But yes, its technically better to get a house to build principle but renting is generally much cheaper.
>>62486786If you don't need a house to raise a family then renting may be the better option. Particularly if you plan on moving in less than 10 years. but then I think the current meta is living with your parents which beats renting and buying so long as they don't charge you much rent and maybe leave you a house when they die.
>>62486796>(taxes, maintenance, and 2-3% interest) - (gained equity) is going to be more expensive than $15000-$25000 in rent per year that goes up 3% every year.retard
>>62486805he's right about the first ten or so years paying nothing but interest. You can write the interest off on your taxes but that only helps if you itemize and your deductions are larger than the standard deduction. Since that's not usually true, the interest is a complete loss for most people. Meaning the only equity you gain is whatever the house goes up in value which probably isn't enough to offset the costs of the loan.
Freedom has a price, that is what taxes is for.
>>62486805um, yea? It completely depends on where you live and what house you bought vs what apartment youd live in.Where I am you can get an aparetment for about $25k/year but if you buy a median house at $860k and 25% down and $650k 30/yr mortgage, youll be paying $60k/year ($8 in just tax).You wouldn't even own 50% of your house for almost 20 years, most of that paying the interest which will be $700k (yes, the interest alone is higher than the loan amount).Even if you get it 50% down, you'll still be paying $500k in interest.Turns out mortgages are the perfect scam and thats why banks love them.
renting is throwing away money is such a pre-housing boom statementyeah it was throwing away money back when getting a house was easy mode and anyone could get onebut it aint that simple anymoreu have childless 40 year old couples who are both high end professional doctors struggling to buy a home my blue collar worker father did in the 1980's with a stay at home wife and 3 kids
>>62486801>but then I think the current meta is living with your parentsIt is, if it wasn't an option then society would have 100x the poverty, homelessness and suicide rates.
>>62486854A new house used to cost about 2x the yearly salary. You could serve people coffee down at the malt shoppe and buy a house with those wages in 2 years, sometimes less. Most people don't realize just how hard they're being fucked now.
>>62486864I know.My childhood street is full of McMansions, if you drove past today, you would assume all the home owners are elite professionals with very high incomesBut in reality theyre all in their 60s and 70s never worked more than a working class tier job
>>62486786>Local Area>Rent = $900/mo (split with a roommate, I pay $450/mo)>Mortgage = $2,100/mo after 20% down ($70k)Lol
>>62486786I rent my money too. Debtmaxxing until i can't debtmax no more then i'm doing fent on the street with the rest of my people.Any niggers with a brown ID can leave this thread. Like me.
youre coping
>>62486883A fun exercise is to use Google Maps streetview and compare the current snapshot to past dates, you can actually track the gradual societal rot.>One house in my hometown, built in the 50s and likely bought for the equivalent of what is $60K-70K in today's dollars>Replaced with giant mcmansion and priced at $2.5 mil>Another house built in the same era and likely priced the same way, with a nice lawn and a few trees>Torn down and replaced with a 5-over-1 apartment monstrosity, rent is 2K a month+bills>Also across the street from 2 different cemeteries, which is unintentionally very symbolic
>>62486938It's odd how this has occurred in every western country at the exact same timeI am in Australia and I hear the same story in every other western country
>>62486949Everywhere is gradually becoming a shithole. Some might be ahead of others but it's happening basically everywhere.
Don't throw away your money on rent, just pay twice as much to Shlomo for a mortgage, and after 30 years of cuck payments and wageslaving he might even let you keep it.
My landlord is my dad and I live in a separate ADU 2 bedroom. so no it's not throwing money away its laundering right back to my family. And I can put all my spare income into comfy stocks and cryptos and PMs and collectibiles getting 30% /year average returns while having a comfy house
>>62486786You get a service for it. You judge if it's a good service for you or not.
>>62486786payiing realtors 6% to transact real estate is throwing money away
>>62486949It's not odd. And it makes sense in the American context. Idk about Australia.America had a massive industrial boom in the mid-1940s to the 1980s for very obvious reasons I'm not going to waste my time going into. War + low/no immigration + only industrial power left + massive demand + 950 sqft starter homes in the 1950s = Great wages and affordable housing.At the same time, blacks from the south flooded the north because of a combination of industrial jobs + Jim Crow laws in the south, from 1910s to 1970s.The blacks finished flooding the North increasing wage competition, just as industrial jobs began moving overseas to cheaper emerging markets.This created the perfect shithole storm. Blacks flooded the north + blacks hate all White people because of Jim Crow increasing racial tensions + massive labor competition + now 3rd world spics and Asians are flooding America + now jobs are moving overseas + now the average "starter" home is a 2,000 sqft mini-mansion instead of a 950 sqft bungalow + now the government is increasing taxes and regulations on everything.The outcome is obvious.
>>62486786Child abuse is le bad.Ban everything good from children.Job market now is dominated by woman and nobody wonder why it is child abuse to child labour but not woman labour.???Profit
