Comment on Is it better to rent a cheap/shitty place, or rent something suitable that you struggle to afford?

• Cryophilia@lemmy.world ⁨5⁩ ⁨months⁩ ago

  If you’re able to pay for rent, you’re able to afford paying back a loan.

  May not be true depending on where OP lives. There are a lot of rent vs buy calculators out there, and home prices are so expensive in some areas that it’s actually better financially to rent instead of own, and to invest the difference in payments. For example that’s the case where I live in San Francisco - investing the difference between rent payments and mortgage payments nets me more in the long run, even considering housing value appreciation.

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  • redisdead@lemmy.world ⁨5⁩ ⁨months⁩ ago

    List of things you can do if houses are too expensive where you live:

    1. move.

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    • Cryophilia@lemmy.world ⁨5⁩ ⁨months⁩ ago

      2. rent, invest the difference, enjoy $$$

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      • redisdead@lemmy.world ⁨5⁩ ⁨months⁩ ago

        3. reach retirement age, still piss away half your income in rent, never improve your life.

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  • whoreticulture@lemmy.world ⁨5⁩ ⁨months⁩ ago

    yup SF bay area. buying a house is only a good idea if your parents are funding the down payment.

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• whoreticulture@lemmy.world ⁨5⁩ ⁨months⁩ ago

  Lack of willpower? Lmao where is that even coming from? Sounds like you just wanted to bring up your talking point?

  I work a full-time job and am doing very well for my field, it’s just not a high paying job, because I work for an environmental nonprofit and the work itself is important to me. Are you just saying that because my dream is to not do laundry? What is the point of having money if you can’t use it to save yourself hours of labor?

  I can’t pay for a loan until I can afford a down payment. You need money for that.

  You are clearly not a serious person, and I will lot be taking any of your advice seriously. You are not willing to seriously engage in the reality of my situation, and would prefer to live in a fantasy land where people are wealthy/poor due to “laziness” and not … exploitation. Because that is what is happening. I have a moral conscious and am being exploited by the nonprofit-industrial complex, being underpaid to do impactful work during a climate emergency.

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  • redisdead@lemmy.world ⁨5⁩ ⁨months⁩ ago

    “you are not a serious person”, says the guy thinking pissing away their money in rent because they are too lazy to do laundry is a good tradeoff lmao.

    You’ll be funding someone else’s property all your life like a servant just to save 15 minutes of folding clothes every week.

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    • whoreticulture@lemmy.world ⁨5⁩ ⁨months⁩ ago

      Oh shit, must have forgot that $200/month could buy me a house. Damn. Also don’t see where I mentioned that as anything other than an aspirational splurge.

      Not to mention… what is the point of owning a house I’ll be paying my mortgage off on until I die? I’m gonna bring the house to the grave?

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      • redisdead@lemmy.world ⁨5⁩ ⁨months⁩ ago

        You’re renting, you can literally grab a truck and move to a cheaper housing market with all your belongings overnight.

        If you can pay rent, you can pay a mortgage.

        At least the mortgage is benefiting you.

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