Is paying mortgage better than paying rent in every situation?
Is paying mortgage better than paying rent in every situation?
No, think if you invested your mortgage in Link instead?
No, some housing markets are ridiculously overpriced to the point where you're better off renting. Also if you aren't planning on staying somewhere for a while you're better off renting.
I don't usually say this, but that's a man isn't it?
it is hard to tell
rent cheaply, trash the place, move
I wonder this as well. I have trouble believing the value of a house outpaces a 30 year mortgage at 7 percent or something which is what my dad had on our house.
yes
why is this cartoon so hard to read
it honestly depends. If you're living with housemates/roommates you can save a fuckton of money. I lived with 5 roommates in a 4 bedroom house because two of them were a couple. We each paid $450 a month to live in a house, split utilities which was always around $90 each give or take. Meanwhile wagies are working in the same town to afford a 1k studio apartment.
Also buying a house only really makes sense when you have job security. I see plenty of people in my age group 25-30 jumping on houses and they all have shit jobs. Security guards, photographers, one guy works at mcdonalds and his wife works at makeup store. All of them live paycheck to paycheck and all of them have to rely on gibs to pay their pay mortgage right now. That being said, they are gaining equity.
It's a tossup. Whatever you do don't live paycheck to paycheck renting. Stay with mom and dad or depend on a fuckton of housemates.
This is one of the most obvious men ever.