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I bought a house because I hate being beholden to unreliable landlords. Shoddy maintenance, selling the place, neverending rent going up every year. Been there, done that.
That and most landlords are in it to make money. You're secondary to their budget.
Enjoy the neverending costs... Stay angry
Dude...you think your landlord is loosing money? You're subsidizing all his expenses with the house and paying a nice extra on top of that. That's what rent is!
I very much understand home ownership. The comments and downvotes seem to indicate others do not, since it's apparently enshrined in perfection in these people's minds.
And rent going up every year somehow isn't neverending?
At least it's somewhat predictable, unlike when your HVAC suddenly dies and now you're on the hook for thousands of dollars. This exact thing happened to me And a friend (separately, two different houses, years apart).
What exactly do you think rent is?
Oh yeah i forgot. Rent is when you have to suddenly spend thousands of dollars unplanned because of bad luck. It's not like I'm speaking from experience and a bunch of weirdos are mad that they believe so strongly in tHe AmErIcAn DrEaM and I'm shitting on it
- You're paying someone else's mortgage
- Could be kicked out for no reason
- Can't modify your home
- In the end, all that rent money goes towards nothing for you.
Enjoy not actually owning anything.
Enjoy thirty years of debt
You people are incredibly butthurt. I am pretty sure I deleted all my comments because you capitalists were annoying so why/how are you still writing me?
It's been a decade since I paid off my mortgage. So I've kept track of my expenses (tax, two plumber visits, two HVAC visits, air filter replacement, etc. Those expenses have averaged out to me paying only $250 a month on average for the last ten years (no mortgage payment anymore). To be fair, I did spend a lot I'm not counting on solar panels, because a landlord would never have bothered (tenant pays the electric bill, so no incentive to help the tenant reduce that). Even when I had a mortgage, the figure was like 1500 a month.
Meanwhile, a couple of identical houses in this neighborhood are listed on Zillow for rent for $3000 a month. When I bought I'm sure rent would have been 1.5k a month, but the rent goes up over time and a decent mortgage will not.
I never understood this "never ending expenses" stuff. Over the last 25 years, between renting and owning I can recall only a handful of expenses, and half of them were elective that a landlord would either not let me do or at least made me pay for it.
I owned a home. Wasn't as lucky as you. When I did the math after selling the house I actually lost money. Of course everyone will pile on me about how I fucked up. Clearly it's not supposed to go that way. So yes I chose the wrong house.
But there is merit to the idea of paying rent and having your landlord deal with all the issues, which btw have come up in every place I've lived. On average they've been good about fixing things. It works for me and there zero wrong with that.
I don't understand why this idea angers people.
I don't understand why this idea angers people.
I think it's the arrogance of thinking that your experience is the norm. A great deal of people who rent have shitty landlords who will only do the very bare minimum of maintenance and only begrudgingly at that. And most people who have a house with a mortgage have much lower expense than those who rent. Mostly due to the fact that mortgages stay the same over the time you are paying them and then they go away once you've paid them off and (unless you are lucky enough to be rent controlled) rent usually continually goes up yearly or bi-yearly.
When did I say my experience is the fucking norm?
All you fucks are flipping the fuck out, never once said what was normal. 100% just stated a personal experience/preference
Fragile.
Expenses to maintain a house should not be so overwhelming that renting is more cost effective. If that were the case how would a landlord make any profit?
It's more likely that you were just particularly bad at homeownership. That's on you, not owning a home in itself.
I never said I would be saving money by renting. I think I figured it out. You people are so weirdly defensive because you have to justify to yourself being in debt for 3 decades.