https://www.businessinsider.com/personal-finance/why-think-many-people-better-off-renting-2021-11

  • invalidusernamelol [he/him]
    ·
    edit-2
    3 years ago

    $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.

    • DetroitLolcat [he/him]
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      edit-2
      3 years ago

      $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?

      • invalidusernamelol [he/him]
        ·
        3 years ago

        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