This really reads like something someone who hasn't had to rent in a city in the past 20 years has written. My rent on the outskirts of a city of 100,000 with a minimum wage of $7.25 is $2,000/month (plus yard maintenance). The mortgage on the house were renting is $1,300/month and taxes bring it to around $1,600/month max.
Renting is entirely a scam that forces the renter to pay for all the homeowner's expenses plus a profit for the landlord. My grandmother gets a $5k/month pension from her union contract and is constantly complaining about how expensive her mortgage is. All in? She pays $1,300/month.
Meanwhile I work 45 hours a week and my girlfriend works 50-60 hours a week to pay our rent and have nothing left at the end of the month.
$2000 is insanely low in property tax on a mortgage that costs $1300. Like, even in small towns you should expect property taxes of twice that, in a small city you should expect three times that. And add home maintenance too.
That second sentence is just a word salad. Most landlords don’t have mortgages so there’s no bank’s profits, and your boss has nothing to do with whether you own a home or rent. Are you under the impression that once you buy a home you can write a letter to your boss and they have to start giving you the surplus value of your labor?
This really reads like something someone who hasn't had to rent in a city in the past 20 years has written. My rent on the outskirts of a city of 100,000 with a minimum wage of $7.25 is $2,000/month (plus yard maintenance). The mortgage on the house were renting is $1,300/month and taxes bring it to around $1,600/month max.
Renting is entirely a scam that forces the renter to pay for all the homeowner's expenses plus a profit for the landlord. My grandmother gets a $5k/month pension from her union contract and is constantly complaining about how expensive her mortgage is. All in? She pays $1,300/month.
Meanwhile I work 45 hours a week and my girlfriend works 50-60 hours a week to pay our rent and have nothing left at the end of the month.
What universe are you only paying $300 a month in property tax on a $1300 mortgage???
If you don’t think I’ve had to rent in a city in the last 20 years, I promise you I wish that were the case…
Also, you realize that homeownership is also a scam that forces you to pay the same expenses plus profits for a bank, right?
$2000/year in property tax
And renting is a scam that makes you pay the homeowner's profits, the banks profits, and your boss's profits.
$2000 is insanely low in property tax on a mortgage that costs $1300. Like, even in small towns you should expect property taxes of twice that, in a small city you should expect three times that. And add home maintenance too.
That second sentence is just a word salad. Most landlords don’t have mortgages so there’s no bank’s profits, and your boss has nothing to do with whether you own a home or rent. Are you under the impression that once you buy a home you can write a letter to your boss and they have to start giving you the surplus value of your labor?
No I'm just pointing out that you are now paying a landlord's profit on top of the bank profits and the boss profits.
And lots of the landlords out here are in fact on mortgages which is why rents are so high