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

  • DetroitLolcat [he/him]
    ·
    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