this post was submitted on 05 Feb 2024
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the_dunk_tank

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It's the dunk tank.

This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.

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[–] [email protected] 33 points 7 months ago (1 children)

Aside from her probably having rich parents, that's just horrible advice for any average person. If you can get a mortgage and afford the maybe slightly higher payments at first, renting is just a horrible idea.

Renting: monthly payments only go up, deal with a shitty landlord, and in 30 years you'll still be paying rent.

Mortgaging: monthly payments can only go down (by refinancing when rates are lower, and never get a variable rate mortgage), no landlord, and in 30 years you'll own a home and have no more payments.

[–] [email protected] 20 points 7 months ago

I’m just waiting for the news that she has a vested interest in rental properties at this point.

[–] [email protected] 32 points 7 months ago* (last edited 7 months ago)

I’m 24 and on track to save $100,000 by next year—here are my money-saving tips

say-the-line-bart-1

My dad even helped me start a vending machine business when I was nine

But my parents didn’t just hand me a full check for tuition

[–] [email protected] 23 points 7 months ago

“I’m single, I don’t have kids and I travel a lot. It’s nice knowing that I have the flexibility to pick up and move if I want to.”

That's it, the entire logic. A privileged luxury spending shaped apparition is her favorite "financial decision". Also the rest of the article is BS, rent prices went up faster than home prices anywhere I've looked.

[–] [email protected] 22 points 7 months ago

People without a brain be like this.

[–] [email protected] 22 points 7 months ago

Does this mean rents are going to get cheaper?

No.

Oh.

[–] [email protected] 12 points 7 months ago* (last edited 7 months ago)

Late stage capitalism is crossing its own limits day after day

[–] [email protected] 9 points 7 months ago (1 children)

Lol I saw this one in the wild.

Absolutely absurd.

I'll bet my left ass cheek this millionaire is paying over the market average for rent. I'll be generous in her "thriftyness" and call it 2k.

So 24,000 a year. Ober 7 years, 168k

Almost bought a place an hour out of Seattle, probably tacoma. Homegirl isnt living in dupont. According to this website.

https://fred.stlouisfed.org/series/ATNHPIUS45104Q

Avg home price in tacoma 2024: 450k 2017: 250k

Let's be super generous, say she dropped an extra 150k in maintenence/tax/costs etc Still up a cool 100k

They telling me her diversified investments of 250k made 268k in profit?

Yeah ok.

[–] [email protected] 4 points 7 months ago

Don't you get it? Buying someone else's house for them while getting nothing but the ever-looming threat of eviction in return is totally preferable to owning the place when you can afford it.

[–] [email protected] 6 points 7 months ago

Guys i think its time we all get together and make bankdrop to beat this capitalist hellscape. Selling our labor aint going to cut it.