• Ufot [he/him]@hexbear.net
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    10 months ago

    Lol I saw this one in the wild.

    Absolutely absurd.

    I’ll bet my left ass cheek this millionaire is paying over the market average for rent. I’ll be generous in her “thriftyness” and call it 2k.

    So 24,000 a year. Ober 7 years, 168k

    Almost bought a place an hour out of Seattle, probably tacoma. Homegirl isnt living in dupont. According to this website.

    https://fred.stlouisfed.org/series/ATNHPIUS45104Q

    Avg home price in tacoma 2024: 450k 2017: 250k

    Let’s be super generous, say she dropped an extra 150k in maintenence/tax/costs etc Still up a cool 100k

    They telling me her diversified investments of 250k made 268k in profit?

    Yeah ok.

    • VILenin [he/him]@hexbear.netOPM
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      10 months ago

      Don’t you get it? Buying someone else’s house for them while getting nothing but the ever-looming threat of eviction in return is totally preferable to owning the place when you can afford it.