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It's expensive to be poor
(thelemmy.club)
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this post was submitted on 02 Jul 2026
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Late Stage Capitalism
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Easy. Just buy a house cash and never pay rent or make mortgage payments. Simple.
Doesn't your family trust employ people that just take care of that for you?
Only until I accidentally give them a sock.
This is legitimately advice my aunt told me. I must have looked at her like she had 3 heads.
It's honestly great advice...if you happen to have ~$500k laying around.
Landlords don't want you to know this one simple trick.
But pay property taxes (and sometimes HOA fees) forever
And be responsible for fixing & replacing appliances, AC, heating, pipes, electrical, etc
Which is factored into the cost of rent, along with repair costs and more.
Eh, I bought a $142K house and my property taxes plus homeowner's insurance come to $4800 a year, which is $400 a month. What's insane is the condominiums in my district -- over $200K for a 2BR 1BA and you pay the larger property taxes and insurance and you pay condo fees of $800 to $900 a month, and cross your fingers that you don't get hit with any special assessments. You're basically paying $1600 a month to rent your own home.
Mind if I crash on your couch for a few decades while I get the cash together?
I did exactly this. I only had to save up for ... 35 years.
Got my own place at 35 as well. My parents bought their first place in central London (although admittedly it was a dump by all accounts) at 19.
Lol I meant 35 years ... starting at age 21.
What about rates and property taxes? Utilities? Internet? Food? They always getcha.