Sunira

Sunira t1_jbpj3no wrote

Yeah I agree with you that it's classist. Also homeowners love to say renting costs more but then you're free of any real estate market ups and downs, can leave whenever you feel like it, and homeowners spend the first 10 years giving most of their mortgage money to a bank via interest that doesn't go towards their loan amount. Also did everyone suddenly forget 2008-2014 where tons of the country were underwater in their homevalue vs mortgage and were literally trapped in their house or having to sell at a HUGE loss? A renter can just pack up and go when the economy or opportunity moves in a different direction. As a homeowner you also have to cover insurance and still pay for major expenses. Sure maybe a fridge might cost 1500, but a roof is like 15k on the low end, windows are like 750 each to replace .. did your AC unit go out? THOUSANDS. And it all adds up. Property taxes on top --etc. I say this as a homeowner that LOVES their home and is willing to have the cost -- but its delusional to think that someone paying $1500 in rent is somehow way worse off than someone with a $1200 mortgage. That's some horse blinders for real estate right there.

2