Antnee83 t1_j6yrv3v wrote on February 2, 2023 at 9:06 PM

Reply to comment by mymaineaccount46 in So, naive question but, how do we go about politically motivating housing costs? by [deleted]

Lets walk through this slowly.

Rent is more expensive than a mortgage for a comparable amount of living space. By a lot.

So If I'm renting, I'm wasting a shitload of money, that I'd otherwise be saving if I paid a mortgage instead.

With me?

So if I need to do repairs or maintenance, I have the money because my monthly expenses are lower.

No one is getting a mortgage and getting blasted with having to put a new roof on all of a sudden due to wear and tear. Anything else is covered by your homeowners insurance, which you have to have as long as you're paying the house off.

This really isn't all that hard. Mortgage = cheaper = save money = have money.

mymaineaccount46 t1_j6yukqw wrote on February 2, 2023 at 9:23 PM

I think you'd be surprised. In my first house I had a furnace go very quickly after buying and my next home I had both washer and dryer go, as well as need to do roof maintenance. None of which made any sense to claim on home owners insurance and therefore came out of pocket.

Maintenance and surprise issues that insurance doesn't cover is not uncommon. If you don't have money to keep up with it and are depending on your insurance you're going to be in for a very bad time.

I spent thousands beyond my mortgage just keeping up and handling house issues at the last place I owned

Edit: forgot to add I had inspections on these places too. Shit just happens.