this post was submitted on 08 Jun 2024
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US Authoritarianism

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[โ€“] Cryophilia -4 points 3 weeks ago (1 children)

Rent control is also pretty robust, so while it's painful at first, over time renting gets easier relative to inflation. I think renting is still financially optimal over buying in most areas, and that's before considering roommates.

But yes. They don't call it a housing crisis for nothin

[โ€“] [email protected] 2 points 2 weeks ago* (last edited 2 weeks ago)

There are several sites out there that compare

  • mortgage, borrowing costs, repair costs, property tax, a fund for known maintenance, a fund for repairs that insurance won't cover without penalizing you more, and home resale value

  • paying stupid rent and putting the difference from that above into the dumbest of minimally-performing stocks.

After 5/10/20 years, we pretend we're gonna cash out from both options and compare cash on hand after each.

There are really few scenarios where the bungalow owner comes out ahead.