I’d prefer to own a house and get equity out of an investment, paying rent is throwing money into a black hole. At least I’ll see some of that money again when selling the house.
At least rent as a way to extract value from those paying it anyway. I don’t think anyone is opposed to contributing to the upkeep/maintainance of where you’re living, but that’s a fraction of the incrediblely exploitive rents currently charged by landleaches
You can buy condos though? The current problem in my area is there are TONS of (empty) luxury apartments going up, but for every 50 rental units only one is only one unit for sale.
But yeah I have a friend in downtown Twin Cities MN who owns his condo. Mortgage is like $2.5k and that includes utilities except for the Internet. I think he’s made around $75k in equity already.
I’d prefer to own a house and get equity out of an investment, paying rent is throwing money into a black hole. At least I’ll see some of that money again when selling the house.
Don’t worry, the average person on hexbear doesn’t think rent should exist in the first place.
At least rent as a way to extract value from those paying it anyway. I don’t think anyone is opposed to contributing to the upkeep/maintainance of where you’re living, but that’s a fraction of the incrediblely exploitive rents currently charged by landleaches
equity? investment? bro, housing is for living in!
Death to America
Honestly, the idea that housing is a commodity is insane to me
You can buy condos though? The current problem in my area is there are TONS of (empty) luxury apartments going up, but for every 50 rental units only one is only one unit for sale.
But yeah I have a friend in downtown Twin Cities MN who owns his condo. Mortgage is like $2.5k and that includes utilities except for the Internet. I think he’s made around $75k in equity already.
You know that you can buy an apartment, right? That said, I agree with the general sentiment of my comrades that housing should not be commodified.
Housing should not be a commodity