• Technoguyfication@lemmy.ml
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    1 year ago

    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.

      • FALGSConaut [comrade/them]@hexbear.net
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        1 year ago

        At least rent as a way to extract value from those paying it anyway. I don’t think anyone is opposed to contributing to the upkeep/maintainance of where you’re living, but that’s a fraction of the incrediblely exploitive rents currently charged by landleaches

    • Pickle_Jr@midwest.social
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      1 year ago

      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.

    • SuperZutsuki [they/them]@hexbear.net
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      1 year ago

      You know that you can buy an apartment, right? That said, I agree with the general sentiment of my comrades that housing should not be commodified.