Case (
case) wrote in
fandomsecrets2024-05-19 02:59 pm
[ SECRET POST #6344 ]
⌈ Secret Post #6344 ⌋
Warning: Some secrets are NOT worksafe and may contain SPOILERS.
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Notes:
Secrets Left to Post: 02 pages, 32 secrets from Secret Submission Post #907.
Secrets Not Posted: [ 0 - broken links ], [ 0 - not!secrets ], [ 0 - not!fandom ], [ 0 - too big ], [ 0 - repeat ].
Current Secret Submissions Post: here.
Suggestions, comments, and concerns should go here.

Re: Rent or own?
(Anonymous) 2024-05-20 05:31 pm (UTC)(link)When you "pay rent" to a bank, you recoup a significant chunk of that money in equity; that's one very important difference. Especially with the way housing prices have been skyrocketing. Some friends of mine (who are much better off than me) bought a house seven or eight years ago, and if they sold now they would likely come out with, at minimum, 300K more than they paid. Even if we assume their mortgage/strata fees/etc. are coming out to a full 1K per month more than they would have been paying in rent, they'd still be coming out over 200K ahead, in just 7–8 years, and that's if they sold now, which they have no intention of doing. In another ten years they'll likely have well over a million dollars in equity thanks to their house.
Also, if you are in a situation where you are able to negotiate mortgage rates that are secure and are safely within your financial means, then you gain a level of housing security that renters won't ever have.
Re: Rent or own?
(Anonymous) 2024-05-20 08:31 pm (UTC)(link)you gain a level of housing security that renters won't ever have.
That comes across as really elitist and unless there just stops being rental properties available, then "housing security" is not an issue.
Re: Rent or own?
(Anonymous) 2024-05-21 04:19 am (UTC)(link)