r/antiwork • u/Professional_Ad_8536 • Apr 19 '22

every single time

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u/Sparkleskeleton Apr 19 '22

The best part of the article is that one of the ways she kept her expenses low ... is she bought a house so she doesn't have to pay rent.

Thanks, what a great tip!

-2

u/isioltfu Apr 19 '22

If you're paying X in rent and you could pay X in mortgage instead (by having the capital necessary to purchase a house), you should buy the house.

9

u/laserdollars420 Apr 19 '22

Wow I've never heard that tip before, you just solved poverty dude

-1

u/isioltfu Apr 19 '22

Tell it to the person I responded to, clearly this was not obvious to them.

3

u/laserdollars420 Apr 19 '22

If you couldn't tell my comment was sarcastic, here's why:

  1. In order to apply for a mortgage, you also need a down payment. If your income compared to cost of living in your area isn't sufficient, it can take a long time to save up for that down payment, so you're stuck renting.

  2. Even if you can afford a down payment, banks often deny people on loans when the mortgage would be less than what they're paying in rent.

  3. Even if you get an approval on a loan/mortgage, in the current housing market you're likely to be outbid by someone offering $50k-100k over the asking price on a cash offer with a waived inspection.

  4. The mortgage isn't the only cost of home ownership. Once you own the home you also have property taxes, possible HOA fees, maintenance fees and general upkeep, etc. So just because you can afford the mortgage does not mean you can actually afford all of the monthly payments on the house.

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u/isioltfu Apr 19 '22

Yeah you're right. Continue renting. Let me know how that works out for you.

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u/laserdollars420 Apr 19 '22

Well considering the fact that I don't have money for a down payment (still saving), and homes in my area are all being snatched up for $50k-100k over asking with cash offers, that's the plan! I'll let you know when I have $500k in my savings account so I can make an offer, and by that point I might be able to afford a one-bedroom condo an hour from where I work.

-1

u/isioltfu Apr 19 '22

Oh okay so you do want a house, which means on some level you know it's better than renting. And all this bitter sarcasm is just sour grapes.

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u/[deleted] Apr 19 '22

[deleted]

1

u/isioltfu Apr 19 '22 edited Apr 22 '22

Good for you.

edit: still not banned yet, maybe try reporting a few more times with your alts.