I am tired of renting it. This doesn’t feel safe
Too bad. People richer than you need to rent them out so they can live a better life than you with less effort.
Your job is to serve them.
Owning a home can have similar issues, where the boiler, pipes, roof, septic tank, etc. can all need to be replaced at random times, and they can be suddenly very expensive. Ultimately with renting you have the flexibility to go to an entirely new market if the juice stops being worth the squeeze in your area.
Maintenance on a house is nowhere near the cost of renting.
Furnace and dishwasher went out. $20k for replacing it all.
Would have been 10k before Trump. Fuck him with a rusty fork.
Bingo. I replaced my water heater ~2 years ago. Then my boiler last fall. Next up is the roof this spring (probably should have scheduled it in October, but that’s water under the bridge). The dishwasher broke this weekend, too.
Most of the time it’s fine. Sometimes it all adds up, ugh.
And all the other general maintenance that takes time and money.
By the mere fact that renting out a house is profitable means that you as a renter can already afford these and you’re buying them for someone else. You can also sell a house. When buying a new one you’ll only be taxed if the new house is chapter than the previous 🤷
Shh. The renting crowd needs excuses to avoid admitting that they’re being taken for a ride.
They’re not taking advantage of you, they’re providing a service
Pull yourself up by the bootstraps.
“Behind every fortune lies a crime”
Houses arent either. When this bubble pops a lot of people wont be able to pay mortgages and house prices will crash so they’ll be paying huge amounts on a worthless house
Damn im glad im not younger. What a terrible time to be young!
By the time that happens, inflation will devalue the currency to the point where the mortgage will be relatively cheap.
