+41 The repeated narrative that housing is expensive lack a basic understanding of money and finances and what renting for 80 years will cost, amirite?

by Anonymous 4 hours ago

Housing is expensive. This is a fact, not a narrative that lacks or doesn't lack whatever. Yes, buying your own house is a better option than renting, but a lot of people just don't have that option, at all. They literally just do not own enough money at a single time to afford a home of any kind. It is you who lacks the basic understanding of the situation if you can't comprehend that.

by Anonymous 4 hours ago

Came to say the same thing.

by Anonymous 4 hours ago

Other problem is, if you job hop, you can't really afford to buy since you move every few years. Or you're in the American military and move every few years.

by Blockbuddy 4 hours ago

I more so meant that for a lot of careers you have to job hop so you need to change jobs which might involve moving across the country every few years. It's not conducive to a 30 year mortgage if you're moving so often and more people cannot stay in the same area for their whole career now, at least for the starting out portion. I'm just saying it's another factor that doesn't help since you can't buy in an area you plan to stay long term. Layoffs are also becoming more common and frequent

by Blockbuddy 3 hours ago

Fully agree. At this point more houses just need to be built and people need to realize they might need to live further out if they want to own a home and commute, since houses are expensive where everyone want to live

by Blockbuddy 3 hours ago

Is this an unpopular opinion or just a profound misunderstanding?

by Anonymous 2 hours ago

The repeated narrative that housing is expensive lack a basic understanding of money and finances and what renting for 80 years will cost This doesnt change that its still expensive?? Nothing you said actually refutes it. Your claim is factually wrong.

by Anonymous 2 hours ago

As someone who grew up in poverty, my family didn't even have the money to cover their monthly expenses and keep food in the house. In that situation, where in the world do you think people are getting the money for a mortgage? If you don't understand that monthly cycle, understand that that's a point of privilege. That living month to month is a reality for many people, and that there's a harsh financial divide in many of our countries.

by FewWrap 2 hours ago

I think they're usually meaning the cost of the down payment. Most people would rather own than rent. Getting 3-5% for a down savings while costs are skyrocketing, expenses are rising, and wages are stagnant is the problem. Having $1,000 to $2,000 a month for rent is already a struggle for so many. Most would pay less with a mortgage. It's managing the $10,000 for the FHA loan that's difficult. Not to mention your maintenance now becomes an expense in the way it isn't with an apartment. $1,000 to $2,000 a month is easier to manage when someone else is responsible for paying for any repairs and busted appliances. You can say you're happy living in a run down shack all you want, but when your AC unit busts in the middle of a heatwave, you've got to pay for that. Still I agree with you it's better to own than to rent. I just don't think it's unpopular, and I think you're misplacing people's complaints about owning.

by Brycen69 2 hours ago

Definitely unpopular, verging on idiotic

by Lambertwolf 2 hours ago

People do want to own their own home. The issue is that people don't have the money to buy a house outright and people don't even have the money for the upfront downpayment before a mortgage. A lot of people struggle to save any money let alone the thousands needed to put down initially for a house, at least when referring to the UK. Have you seen what run down shacks go for in the UK in any prominent city. An absolute fortune.

by Anonymous 1 hour ago

Idk how it works in US (I assume you're in US because you used dollar sign), but where I'm, almost no one is eligible for 100% mortgage. I think it's not even product here.

by Anonymous 1 hour ago

Most people in the US are also not eligible for 100% mortgage. There are a few programs that allow the purchase of a home with little to no down payment, but they're not the norm.

by Anonymous 1 hour ago

FHA is the most common assistance program and I think more Americans qualify for that than they think.

by Brycen69 53 minutes ago

There's literally memes about this bro: "the bank says I can't afford a 500 dollar mortgage so instead I have to pay 1000 bucks rent" The issue with getting a house is accumulating the capital for the downpayment.

by Anonymous 38 minutes ago

"Lacks basic understanding of money and finances" Yet you don't understand why so many are renting. They can't afford the deposit for a mortgage but need somewhere to live FFS

by websterwunsch 37 minutes ago

You're talking about what's less expensive in the long run. Not what people can afford in the here and now.

by Anonymous 20 minutes ago

In fact its the cheap Boots Paradoxon. Like everything in Life

by Anonymous 18 minutes ago

Expensive is relative. If you ever do a calculation how much renting all your life will cost you... including inflation... including how much more a bought house will be "worth" ..... I think you are overpaying by about factor 4. So is a house really expensive when its 4 times cheaper than renting all your life?

by Anonymous 15 minutes ago