this post was submitted on 15 Jun 2024
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The idea that renters simply have a prefer rent is absurd and I was attempting to be charitable in that you might be socially removed from this reality. What is your excuse for this absurdity, then?
These are almost all misunderstandings of basic finance, not informed preferences. False consciousness, if you will. There are a handful of people who live in a place for a year or two and should rent, sure. This is very few people outside of maybe college students. Choosing to "invest over mortgage" means you think you'll be netting 100% returns every year. This is for delusional climbers that think they will beat the market or the financially incompetent. Luckily, very few people do this. In the real world, people rent because they cannot get a mortgage (yet). They are economically coerced by not having a sufficient down payment nor financial security to get a loan from the housing brokers - banks.
No I'm not.
I don't think you know what a chud is.
Legality is an incomplete analysis of the relationship of ownership. Cool, you have mortgage. What percentage of your total payment goes to a bank? What happens if you fail to pay for a year or two?
They are similar in this circumstance for the reasons I have provided. Feel free to address them directly if you would like to.
Oh dear.