Housing Bubble 2: Return of the Ugly

Now while I agree this doesn't make sense one thing someone pointed out to me is With rent that is the most you will pay(assuming rent includes trash water etc). With mortgage that's the least you'll ever pay(water heater dies, ac needs service, ceiling fan needs to be rewired, washer leaks and damages the walls and floor).

Credit risk v tenant risk are two different assessments though. I get the point and the vibe but if people can't notice this nuance, they have no business buying assets imho

I am all about discussing the inherent issue here but not noting risk analysis factors like this is disingenuous bait.

BTW that's a tracking link, here is a clean one:

https://www.reddit.com/r/boringdystopia/comments/1e0f8sv/a_mother_of_three_says_her_family_cant_secure_a/

Keep in mind that when you own you're one surprise away from suddenly having to spend tens of thousands...

We rent an apartment and own a cottage we bought for peanuts (50k in 2020) and last time we went we realized we've got carpenter ants, that potentially means having to raise it higher off the ground, tearing down part of it and rebuilding the section we tore down... I'm expecting about $10k when all is said and done and if I do everything myself?

Now imagine owning a house that you can barely afford and there's water infiltration in the basement and you need to spend 30k for new French drains or realizing you need to spend 70k for big work on your foundation or 20k on your roof... Leave it as is and the expense will only get bigger and bigger... What do you do?

At any given time that person is trusted to owe $2,100 (maybe $24k on a year contact), not trusted to be on the hook for $350,000, and as much as people here won't like it, the landlord is providing a service to house that type of person.