this post was submitted on 22 Apr 2024
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A Boring Dystopia
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Folks, there's a difference between a slumlord and a decent landlord. I've owned a house for ten years now, and in addition to the mortgage and taxes and insurance I pay every month for the privelege, I've had to spend tens of thousands replacing the roof and doing other regular maintenance tasks. I'm actually about to dump thirty percent of the original purchase price into more deferred repairs and maintenance to get it back to a point where all the finished space is habitable again. Owning a house is expensive in ways that I did not fully understand until I bought mine, and decent property managers are taking care of all that for you, and if that's not a job I honestly don't know what is.
Slumlords and corporate landlords can fuck right the hell off, though.
I fully understand your point of view - but in my opinion paying mortgage and putting effort into your house/apartment is a kind of an investment and it's still way better than renting. Assuming worst case scenario, you can always sell your property, get (at least part of) your money back and pay off the mortgage.
In terms of renting - you're just trading your money for a right to have a roof over your head.
And to not have to worry about costs if shit goes wrong, and not have to worry about the overhead if you find a job and need to move, or meet someone and want to move in with them, or if you have kids and need to upgrade size, or if you are moving somewhere only temporarily.
Owning a home is great and a sound financial investment if you've settled down. Other than that, there are plenty of good reasons to rent.