Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
Not a fellow home owner, in my early 20s and debt free. I feel soo bad for people who sign the dotted line on 400k mortgage and agree to decades of slavery to the economy just to have a poorly made suburbanite 2 story 3 bedroom. My parents tell me its not worth it, and I believe them. The only option for my generation that doesn't involve half a lifetime of mortgage slavery is to either buy land somewhere extremely rural and build atop or get used to the idea vanlife/nomadic living. I refuse to get into debt, period. Would rather live out of my van and pay myself rent while working and save up the money for a little plot of land in the mountains. My sympathies to anyone who goes the 'normal' path and eats 500k in debt in this day and age.
I don't get it either. Got into a thing with someone I know recently. What exactly is the worse case scenario if I rent for the rest of my life? And all they could come up with is I might not making as much money. Ok, so that is it. I won't be as wealthy as I could potentially have been.
So yeah a slightly shittier nursing home, big freaken deal. It's not like my entire life is going to be ruined it means that I could have had slightly more money when I am too old to do shit with it. Potentially. It isn't even a certain thing the housing market can do whatever it wants.
You people are freaken nuts. Half million dollar bet on a wood house that a single flood or fire could destroy you. You have zero control over your taxes or if some zoning department person wants to just ruin your life. And the entire awful system only exists because the government is going to bail you out. Well guess what, the government will be broke one day.
I bought a reasonably affordable small home in 2019 when I was 21-22. I got it on a 15 year mortgage. That means by my mid 30’s I’ll own my home outright and will be able to put my entire mortgage payment (minus property taxes) into my bank account every month, opening up tons of possibilities for the rest of the best years of my life. If I was renting that would never be a possibility, and I’d have to pay ever increasing rent until I die.