REPORT ABUSIVE REPLY
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Message Subject
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Why I, as a Milennial, will NEVER be buying a House
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Poster Handle
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Anonymous Coward |
Post Content
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It's pretty simple, really.
A mortgage is DEBT.
A mortgage is payment servitude to the banks for 15 or 30 years.
And since the housing market has been inflated, it's nearly impossible to purchase a nice home on just one salary.
By renting, I dont have to pay property taxes.
By renting, I dont have to pay HOA fees.
By renting, I dont owe shit to the banks. Renting doesn't require you to be in debt to mortgage lenders.
Buying a house is not worth it. You will pay off double in interest what you will the principle. Over the course of a 30 year fixed mortgage you could spent $500,000 for a $200,000 house.
So I will be renting, forever, and NEVER buying property. Boomers have fucked the housing market to no end. They are putting these houses that haven't been renovated in 40 years on the market for half a million dollars.
Im not playing this game.
Fuck the whole "you want to buy a house so you can own something " bullshit. I could care less about home ownership when renting is cheaper and doesnt require me to take out a mortgage loan to be enslaved to the bank.
Quoting: Anonymous Coward 74561869 Good thinking. They sold everyone on this idea that everyone needs to own a home in the early 2000's & look what happened in 2008. People were living beyond their means then and now still. I applaud you for making a good decision.
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