Parenti proved right once again
passiveaggressivesonar
joined 2 months ago
The rhetoric is definitely the same I agree but my point, once again, that not enough youth are buying into the fascist ideology. The old men may march (while they can) but not much else
The first few years are overwhelmingly paid towards interest and not the principal, it's not an equal ratio throughout the mortgage. I think you missed some fine print
If you get into a mortgage then sell in 2 years you would have paid off less than 2 years worth of payments to the principal and you're not getting that money back, that's straight to the bank
First few years are spent in interest so it's also going straight to the bank
Equity is uncertain in this market, especially with unexpected maintenance
Rent comfortably for a few years is still the better choice, buying a house now that might fall in price is a terrible risk
This is the greatest survival hack too
Leftover soup maybe
A DDOS attack on my toaster would be quite dangerous actually, what's the cybersecurity framework to secure my toaster
Not enough youth buying in to really live that experience, look at the massive flop that riot in the UK was
Whatever bad luck you're having with rentals is nothing compared to how badly home ownership can go, renting isn't all that bad even if it is more expensive. What's really expensive and financially distressing is a sudden and expensive furnace / roof replacement, flooding, fire, the list goes on
Mortgages aren't going away anytime soon, start off with renting and see where that takes you before jumping into a $400,000+ loan
The volunteer firefighter effect leads me to suspect you were behind the jamming all along!
A question of liquidity over decades with the liability of a big repair, and all for the hope of building equity and not paying rent in 20+ years
I'm paying more in rent than many of my friends with mortgages yet somehow their payments are shooting up with the rate changes, things are constantly needing repair and they're stressed beyond belief