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Message Subject Why I, as a Milennial, will NEVER be buying a House
Poster Handle Anonymous Coward
Post Content
$15 trillion is the mortgage debt in the United States.

I will be renting....forever.

I'm not paying $650,000 for a 3bed 2bath home than a Boomer bought in 1962 for $22,000.

I'm not going to enslave myself to the banks in order contribute to this fictional "American Dream" that older generations are still trying to sucker the youth into, and I will not be signing the dotted line on a 30 year debt contract to "own" something that I don't actually own since I'm having to pay property taxes on it.


I have the freedom and flexibility to up and leave if my rent increases too much.

My landlord is responsible for if any appliances, such as air conditioning or ceiling damage, occurs.

Not a dime of it comes out of my pocket. Can home owners say the same?

Renting is the most financially sound move for us Millennials to make. Especially when you take into account our stagnant wages, student debt, and fickle job market.

I'm not going to be suckered into buying something I'll never actually "own". I'm not going to be suckered into paying double the interest while barely even touching the principle.
 Quoting: Anonymous Coward 74561869


clappa
Rent in the city. But get roommates and save for land in the country. Only ownership can get you out of wage slavery.
 
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