this post was submitted on 02 Mar 2025
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[–] zipzoopaboop@lemmynsfw.com 10 points 1 day ago (2 children)

You're missing the value of property going up over time

[–] kitnaht@lemmy.world 10 points 1 day ago (1 children)

And the fact that those payments are technically going to yourself and the ownership of your own equity.

[–] TachyonTele@lemm.ee -2 points 1 day ago (1 children)

And the fact you need tens of thousands of moneys to buy a property, versus whatever rent is.

[–] kitnaht@lemmy.world 2 points 1 day ago (1 children)

There's these things called banks. And many states have first time homebuyers programs that will help with the down payment.

[–] IMongoose@lemmy.world 1 points 1 day ago (1 children)

I basically bought my first (only) house for 0 money down with first time homebuyers stuff. Ya I had to pay mortgage insurance for a while but my mortgage payment is less than what it would be to rent the same house by like, a lot.

[–] kitnaht@lemmy.world -2 points 1 day ago

Renter-brain. Kinda like a horse that's been trained to believe it's tied to a post so you only gotta drape the reigns over the post and they think they're trapped.

[–] JubilantJaguar@lemmy.world -1 points 1 day ago

And renters miss the fact that by intelligently investing the renter's dividend that I mentioned they could usually make a much better return than they can by investing it in their own property. Almost none of them even save that money, let alone invest it smartly.

Anyway, this debate is boring. Everyone is entrenched in their views.