Renting is genuinely the worst, some rando having complete control over your life simply because one time they happened to have or had been given enough money to cover a downpayment on a home? What a farce.
They can kick you out due to no fault of yours, they can raise your rent to any amount, they are obliged to do very little maintenance, it is literally the same as serfs of the past. You provide value to the land holder in exchange for living on “their” land.
I was lucky enough to transition to homeownership after many years of renting, it is much more expensive now but rent increases year over year forever, the mortgage is a fixed rate for however long it takes to pay off and in a few years the costs of rent vs mortgage will flip, with the mortgage being more economical.
Few people talk about the long term rent cost outlook, take a peek at what rent will be in 15, 30, 50 years and feel your knees tremble. Our system is broken and will likely never be fixed.
Renting is genuinely the worst, some rando having complete control over your life simply because one time they happened to have or had been given enough money to cover a downpayment on a home? What a farce.
They can kick you out due to no fault of yours, they can raise your rent to any amount, they are obliged to do very little maintenance, it is literally the same as serfs of the past. You provide value to the land holder in exchange for living on “their” land.
I was lucky enough to transition to homeownership after many years of renting, it is much more expensive now but rent increases year over year forever, the mortgage is a fixed rate for however long it takes to pay off and in a few years the costs of rent vs mortgage will flip, with the mortgage being more economical.
Few people talk about the long term rent cost outlook, take a peek at what rent will be in 15, 30, 50 years and feel your knees tremble. Our system is broken and will likely never be fixed.