this post was submitted on 08 Jun 2024
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US Authoritarianism
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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
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.