Renting an apartment and owning a home cost (money youll never get back) you the same amount of money. Renters can have the same or better financial outcomes than homeowners.Sorry house-chuds, this is fact checked by science, the data, and basic economics.
>>62831440>RentingYou're spending money >BuyingYou're investing in an inflation -protected real asset
>>62831446Oh no no no no no
>>62831463You literally can't get screwed.If rates go up, it's the bank's loss.If rates go down, you renegotiate/refinance.
>>62831478Refinancing isn't free. And if you refinance into a longer term loan you pay more in interest.
renting when buying a home costs 8% interest is the smart move obviously but outright ownership or having a low interest mortgage is still better.
>>62831502You know you don't have to only pay minimum payments, right?
>>62831440you do you, Anon. I however, choose to retire debt-free in a 3b2ba2ca, 1900sqft house, that I designed, on large acreage and will only pay taxes & insurance on at a rate of ~$500/month. I will have a *very inexpensive* roof over my head, privacy, seclusion, safety, and no one can tell me what I can or can't do. I can invest or spend the difference between my $500 and your rent. when I die, I can give it to whoever I want, enriching their lives and giving them a cheat code for success.
>>62831440It's not about the money.
late night crew bump
renting and living in a brand new skyline apartment probably has its perks. just ditch it when you find a better place
>>62831524Interest rates on fixed 30 years were over 15% for the entirety of 1981 and most of 1982, and were over 7% from the late 1960s until October of 1993. The interest rate isn't to be taken in isolation, you have to consider both the rate of the loan and the list price of the asset.>>62831552It's about the stability, especially for families. Moving every year or two, having random rent increases, and the inability to really customize a space to your needs/lifestyle really starts to suck about 4 years into grown-up life. Living among other households that also own their properties also means you're able to be part of a community. Which while sounding turbo-normie coded, is actually so weird in this day and age that it feels like getting away with something.>you can just start a neighborhood watch>you can just start a book club for pro-monarchist literature>you can just decide to form a voting bloc to take over a school board
