That fucking sucks, but don’t apply your anecdotes as general truths. I have the opposite experience.
Wife and I built a new home with family help on the downpayment. Doubled sq ft, 1.5x previous rent, house increased value significantly between contract and move in. Farther from work but closer to highway so commute times unaffected. Saved up enough to pay back the downpayment help over the course of a year.
I’m a massive outlier, and most people have experiences closer to yours, but it’s not an across the board thing. So fucking much of the housing market depends on location.
deranger@sh.itjust.works 6 months ago
You get 0% back when you move out of an apartment. It is much more expensive to rent than own considering this, even if you sell at a loss.
henfredemars@infosec.pub 6 months ago
You incur interest and fees with a home that you pay in addition to your principle. It can be seven years or more before you begin actually storing any value in that purchase because it’s eaten by the cost of borrowing.
It depends on your time horizon and relative costs of overhead and rent.
Sentient_Modem@lemm.ee 6 months ago
Mind throwing a link in for the one you found? <3