• edge [he/him]@hexbear.net
    link
    fedilink
    English
    arrow-up
    31
    ·
    10 months ago

    Aside from her probably having rich parents, that’s just horrible advice for any average person. If you can get a mortgage and afford the maybe slightly higher payments at first, renting is just a horrible idea.

    Renting: monthly payments only go up, deal with a shitty landlord, and in 30 years you’ll still be paying rent.

    Mortgaging: monthly payments can only go down (by refinancing when rates are lower, and never get a variable rate mortgage), no landlord, and in 30 years you’ll own a home and have no more payments.

  • Советский Союз@hexbear.net
    link
    fedilink
    English
    arrow-up
    21
    ·
    10 months ago

    “I’m single, I don’t have kids and I travel a lot. It’s nice knowing that I have the flexibility to pick up and move if I want to.”

    That’s it, the entire logic. A privileged luxury spending shaped apparition is her favorite “financial decision”. Also the rest of the article is BS, rent prices went up faster than home prices anywhere I’ve looked.

  • Ufot [he/him]@hexbear.net
    link
    fedilink
    English
    arrow-up
    9
    ·
    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
      link
      fedilink
      English
      arrow-up
      4
      ·
      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.

  • princeofsin [he/him]@hexbear.net
    link
    fedilink
    English
    arrow-up
    6
    ·
    10 months ago

    Guys i think its time we all get together and make bankdrop to beat this capitalist hellscape. Selling our labor aint going to cut it.