Wrench

That's making done huge assumptions that you have no way of knowing will be reality.

Rent may go up. It may go down.

Housing prices may go up. It may go down.

Locking yourself into a mortgage for "fixed rent" may end up closing you hundreds of thousands more than apples to apples rent. Taking the above scenario, you're paying about $360k more in the first 10 years than you would renting, if rent prices don't go up over that time period.

Yes, both rent and housing tend to go up over time. But who knows what the immediate future holds anymore. Housing prices are starting to contract. There's more push for high density housing, which people generally think will lower rent (I disagree, but I'm against the grain here).

One thing I've learned from economists is that despite all their expertise, they're very bad at predicting big events that have huge impacts on the economy. And we've been getting a lot of those the last few decades.

I rent a house for $4600/mo. To buy this same house in the same neighborhood, it would be roughly $1.6m, tho prices are starting to fall a little on these higher cost neighborhoods, so let's say $1.5m for a deal.

With a 20% down-payment on a 30 year fixed rate loan, it would be close to $10000/mo (including insurance and property taxes).

Also, the lions share of your mortgage goes to paying down interest for the first decade or so.

So let's say $1k goes to principle per month. You're still burning twice as much money owning as renting.

The only financial upside is that you may be able to sell for more than you paid. Minus Realtor fees, whatever renovations / maintenance you made over the years, etc.

The current market is insane.

Edit - so I'm not talking in complete generalities, I glanced at the interest/principal ratio. No idea how accurate this is.

After a year of mortgage payments, 31% of your money starts to go toward the principal. You see 45% going toward principal after ten years and 67% going toward principal after year 20.

https://www.americanfinancing.net/mortgage-basics/mortgage-payment-explained

I don't know what the ratio is in the first year, maybe 100% interest?

So at a monthly payment of $9800, $7864 of which is towards mortgage, that's $2437 / mo towards principal from years 2-9.

So essentially you're burning $7363 instead of $4600 for the hope that your house increases in value when you sell it.

Fiscally speaking. There are a lot of other pros and cons to owning.

Trump is already planning on introducing a mechanism to fire generals he doesn't like. A review board consisting of retired generals. I don't know what would be required to pass that, but I assume a simple majority in House / Senate, plus a predetermined ruling in the inevitable SCOTUS challenge, will certainly go his way.

You (not you personally) chuckle fucks didn't vote against this. Great fucking job.

There's no lesson to be learned. They will blame it on the Dems for not being attractive enough. They're still saying that about 2016.

You're surprised? I wouldn't have been surprised if Dr Phil was his pick.

Yep. And as much as I'd like to blame 3rd party voters, even if they all voted Harris to giver her the majority, she'd have still lost due to electoral college.

I will absolutely blame the non-voters though. And the 3rd party voters still get part of the blame.

Oh, don't worry, their mental gymnastics will allow them to smugly blame the DNC while the world falls to pieces.

They'll fart into their glasses and huff while recounting how it was the DEMS fault for being unattractive, even while the fascists dismantle the checks and balances, pass a federal ban on abortion, Russia slaughters Ukrainian men, women, and elderly by the thousands and ships their children off to Russia to be prepatrioted.

They'll say Isreal would have done the same under Harris as they completely repell or slaughter the remaining Palestinians out of the west bank and move on to Lebenon.

They'll shrug as hundreds of thousands of immigrants, illegal or otherwise, and rounded up and thrown in camps or shipped over the border with no recourse besides an intentionally ineffective appeals process if they actually happened to be here legally.

Etc. Etc.

They'll just blame it on the Dems. Just like they have done since 2016. And they'll feel great about it.

But then everyone will think you're a nazi. Because you'll smell like all those masked nazis you doused.

This is why Republicans have been eroding education and trying to remove state and federal curriculum requirements.

They have been teaching their children. That Nazis were misunderstood.

This has always been the goal.

And they want to mainstream "selecting their own education" with federally funded education credits to make the tax payers fund their brainwashing camps.

I honestly wouldn't be surprised if they are Isreali or Russian psy ops accounts (or at least useful idiots that have bought the psy ops).

When the war started, Lemmy was overrun by the "criticism of Isreal is antisemetic" accounts. That was rejected pretty hard. Those guys disappeared, and the "never genocide" people took their place.

It almost seems like a change in tactics to achieve the same goal.

Obviously, this statement was not targeting you specifically. "You" is targeted towards Trump voters and non-voters.

We knew what was on the ballot. I don't care that the DNC could have done better. When the choice is "meh" vs literal Nazis, you're a damn nazi if you didn't vote directly against them.

I'm fucking done mincing words after voters gave them the House, Senate, POTUS, and all the god damn courts.