this post was submitted on 15 Oct 2024
11 points (67.7% liked)

Frugal

5088 readers
33 users here now

Discuss how to save money.

founded 1 year ago
MODERATORS
all 9 comments
sorted by: hot top controversial new old
[–] Bonskreeskreeskree 3 points 1 day ago (1 children)

An asset on land you own will always appreciate more than a cell in a building you are beholden to the owners/hoa of.

[–] [email protected] 7 points 1 day ago* (last edited 1 day ago)

It's not entirely cut and dry, your money in a stock market index fund tends to keep pace with property appreciation when accounting for maintenance costs and property taxes. But you would be insulated from skyrocketing rents.

[–] [email protected] 1 points 1 day ago

Royce du Pont

[–] [email protected] 1 points 1 day ago (2 children)

I'd rather be poor than have to listen to my neighbor fart, like that dystopian place on the right.

[–] [email protected] 2 points 1 day ago

I never hear my neighbors in my apartment. I'm also living close enough to bike or take transit everywhere I want to go, and spending less overall on housing thanks to being part of a very well run apartment cooperative. I also get to skip out on the major hassle of having to maintain everything in the building I own myself.

There's even a gym in the building which costs a rounding error per year to be a part of.

[–] dvoraqs 1 points 1 day ago

You must aspire to live in space then, huh?