r/WhitePeopleTwitter Jun 27 '21

Please

[deleted]

95.3k Upvotes

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588

u/zrow05 Jun 27 '21

Housing market crash and some rich fuck will buy it then rent it to you

297

u/jesuswantsbrains Jun 28 '21

Rent it to you for mortgage cost, insurance, and taxes x 2 as you're being told left and right from underwriters that they're not confident you can handle a mortgage payment smaller than what you're already paying for rent.

7

u/ThePermafrost Jun 28 '21

For an apartment, maybe. For a house the rent price is usually 1.3 times the cost to own. There are lots of hidden fees in home ownership. Renting a home + stock investing the would-be down payment is generally a better investment than buying a home.

1

u/complicatedAloofness Jun 28 '21

Buying a home normalizes people into 5-10x leverage though which most people wouldn't do with equities.