this post was submitted on 14 May 2024
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[โ€“] [email protected] 0 points 1 month ago (2 children)

You're missing a few advantages to owning-

  • If you have to move, you can often get the money that you spent on the mortgage back, or even make a profit.
  • A mortgage is generally cheaper than rent.
  • While some may not be interested in renovating, it's a relatively low-effort activity that pays for itself if you sell the property.
  • Can have a garden
[โ€“] [email protected] 2 points 1 month ago

I'm missing all advantages of owning (or renting), that was not the intent.

[โ€“] [email protected] 1 points 1 month ago* (last edited 1 month ago) (1 children)

you can rent and have a garden and rent is cheaper than a mortgage in a comparable area.

when people buy they often have to move further out to a cheaper area to get a mortgage

my mortgage is more than my rent and isn't as nearly in as nice of a place and convent of a location. on top of that and having to do home reapir (not renovation) i have less disposible income than I did a few years ago.

it's trade offs. i miss being in a more social area and having more disposible income, and somtimes i regret buying.

[โ€“] [email protected] 1 points 1 month ago

Ah yeah, not the case in my area. Rent for an apartment is about twice as much as a mortgage.