I got tired of renting, and I looked it up, I realized I'm paying the equivalent of a $300k property for a standard 30-year mortgage in rent. And a $300k house is much nicer than my apartment.

I saw a $50k condo down the road from me. It looks not quite as good as my current apartment. Getting a mortgage for something like that is much better than renting, right?

  • WhatDoYouMeanPodcast [comrade/them]
    ·
    3 years ago

    I think it depends on location and other things. If the mortgage is too high then in theory you could have paid rent, invested the difference in some boring mutual index fund, and made out with more money. You also can't just leave, you're responsible for fixing shit, etc. It's an analytical question - sometimes there's a right answer, other times it's a question of priorities, and other times still there's no wrong answer. Personally I tend towards not having any relationships with landlords people of property or living in Am*rica.

    • culdrought [he/him]
      ·
      3 years ago

      you’re responsible for fixing shit

      On the other hand, you actually can fix shit rather than waiting for your landlord to hopefully get around to fixing it at some point in the future