A Reddit Refugee. Zero ragrets.

Engineer, permanent pirate, lover of all things mechanical and on wheels

moved here from lemmy.one because there are no active admins on that instance.

  • 89 Posts
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Joined 11 months ago
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Cake day: December 22nd, 2023

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  • The difference is those “costs” are going towards buying equity that you then get to keep. Maintaining a house is expensive but it is an asset that maintains value. This article really doesn’t seem to understand that which shows a very basic misunderstanding of the wealth math that goes into home ownership.

    Renting may be cheaper month to month but you’re literally pouring that money down a black hole never to be seen in your hands again.

    Granted, building equity doesn’t matter when you’re already have no cash paycheck-to-paycheck for either.