I’d prefer to own a house and get equity out of an investment, paying rent is throwing money into a black hole. At least I’ll see some of that money again when selling the house.
You can buy condos though? The current problem in my area is there are TONS of (empty) luxury apartments going up, but for every 50 rental units only one is only one unit for sale.
But yeah I have a friend in downtown Twin Cities MN who owns his condo. Mortgage is like $2.5k and that includes utilities except for the Internet. I think he’s made around $75k in equity already.
I’d prefer to own a house and get equity out of an investment, paying rent is throwing money into a black hole. At least I’ll see some of that money again when selling the house.
You can buy condos though? The current problem in my area is there are TONS of (empty) luxury apartments going up, but for every 50 rental units only one is only one unit for sale.
But yeah I have a friend in downtown Twin Cities MN who owns his condo. Mortgage is like $2.5k and that includes utilities except for the Internet. I think he’s made around $75k in equity already.
Don’t worry, the average person on hexbear doesn’t think rent should exist in the first place.
Death to America
equity? investment? bro, housing is for living in!
Honestly, the idea that housing is a commodity is insane to me