901

The rent is too damn high (lemmy.zip)

submitted 2 years ago by [email protected] to c/[email protected]

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[-] [email protected] 3 points 2 years ago

mao-aggro-shining how to lower your rent with one simple trick. Landlords hate him!

[-] [email protected] 1 points 2 years ago

I've either paid a tenth (or less) or half. But I've been very lucky.

[+] [email protected] -31 points 2 years ago

STOP...RENTING...

I feel like I'm taking crazy pills. It's easy to get out of this cycle. Most states will have First Time Homebuyers programs, and even if you've had a home before, not having a home for 3+ years can cause you to re-qualify again.

Live in a shithole for a while if you have to. OWNING a home is like paying yourself. It's so much cheaper than renting, yes you have to fix things when they break, but you should want to learn those skills anyhow. Toilets, water pumps, hot water heaters, all that shit is pretty easy to fix yourself. Every penny you put into a house is like a savings account that doesn't actually count against you. You get done with that loan, and the worth of that house is yours. You're not paying $2k/month to someone else, with nothing to show for it. You're literally paying $2k a month to YOURSELF. Want to move? Sell the house. Anything you've put into it, you'll get back and then some.

Just whatever you do, get a FIXED rate mortgage. Or go for owner-financed. There's lots of options and renters just make excuse after excuse after excuse why they won't buy a house.

[-] [email protected] 3 points 2 years ago

Every penny you put into a house is like a savings account that doesn’t actually count against you. You get done with that loan, and the worth of that house is yours.

How should I reconcile this with the statement "you should see housing as necessities rather than investments"?

[-] [email protected] 3 points 2 years ago

You shouldn't. Because I didn't state that ever.

Houses are investments in YOUR future.

[-] [email protected] 2 points 2 years ago

Just buy a house 4Head

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this post was submitted on 13 Sep 2023

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