NYC rent control magic is a special situation but you’re still paying forever. You get an asset at the end of a mortgage. Can you imagine owning in NYC?
And just so we’re clear, “cheaper to rent” means that after the 25-30 years that a mortgage normally lasts, you’d have the money to buy a home without a mortgage. If what you have in savings is less than the value of the home you would’ve had, then it’s not cheaper to rent.
I wish we had a love for landlords sub so I could roleplay like half the people in these comments.
Honestly tho. Imagine simping for landlords in this day and age. Gross.
I’ve rented, and I’ve owned. I prefer to rent, if that means I simp for landlords then I guess I simp for landlords.
It means you’re an idiot. Objectively. Which is why I’m going to make jokes instead of trying to convince you. 🤡
It depends on location. Some places have good rent control, so rent tends to be cheaper than buying.
NYC rent control magic is a special situation but you’re still paying forever. You get an asset at the end of a mortgage. Can you imagine owning in NYC?
NYC isn’t the only place with rent control.
And just so we’re clear, “cheaper to rent” means that after the 25-30 years that a mortgage normally lasts, you’d have the money to buy a home without a mortgage. If what you have in savings is less than the value of the home you would’ve had, then it’s not cheaper to rent.
Dude it’s in the fucking name. What serf wants to be a fuckin serf?
Both renting and owning are costlier because of the parasitic landlord caste.