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GiddyGap@lemm.ee to News@lemmy.world · 6 months ago

Owning a home has rarely been this much more expensive than renting

finance.yahoo.com

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Owning a home has rarely been this much more expensive than renting

finance.yahoo.com

GiddyGap@lemm.ee to News@lemmy.world · 6 months ago
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The premium for homeownership has grown in recent years as home insurance, upkeep, and high mortgage rates skew the buying vs. renting math.
  • whithom@discuss.online
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    6 months ago

    Yeah, if you bought recently, you’re a fucking moron lol

    • meliaesc@lemmy.world
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      6 months ago

      Wanting somewhere to live, amirite? 😂😂😂😂

      • whithom@discuss.online
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        6 months ago

        Lots of options besides paying 500k more than the house it worth. Depending on your market of course. Houses in my area doubled in price in the last 6years.

        • blackbirdbiryani@lemmy.world
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          6 months ago

          I mean, duh. There are always cheaper places to live. But nobody wants to make a 3 hour commute to where the jobs are.

          • whithom@discuss.online
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            6 months ago

            Assuming the jobs in that city stay there.

    • jagged_circle@feddit.nl
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      6 months ago

      Missing the market is worse than waiting

      • whithom@discuss.online
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        6 months ago

        If you miss it, you’re not in debt you can’t ever recover from.

        • jagged_circle@feddit.nl
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          6 months ago

          Debt is always a bad idea. I won’t buy a home on debt

          • whithom@discuss.online
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            6 months ago

            Must be nice to have a million in cash

            • jagged_circle@feddit.nl
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              6 months ago

              A condo costs $200,000. And I do recognize the privilege

              • whithom@discuss.online
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                6 months ago

                Wow where do you get a $200k condo?!

                • jagged_circle@feddit.nl
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                  6 months ago

                  Colombia

                  • whithom@discuss.online
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                    6 months ago

                    Haha. No thanks.

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