The concept of someone having enough money to rent but not enough to own is ghoulish in the first place.
Don’t think you’re being a little dramatic? There are many more costs involved in owning a house than the mortgage payment.
If my landlord can pay $<1,200 for this house’s mortgage and upkeep, and I can pay $1,200 a month for the right to sleep in it, then we should simply cut out the middle man and have me pay that $<1,200 a month for mortgage and upkeep directly.
You’re paying for not having the responsibility to pay for any maintenance/repairs upfront, and for having the ability to easily pack up and move on short notice. If the roof suddenly needs replacing, that’s $9500 on average that you have to pay right now.
Chances are, if you’re financially stable enough that you’d be able to handle things like that without it being a financial catastrophe for you, then you do have enough money to own.
Don’t think you’re being a little dramatic? There are many more costs involved in owning a house than the mortgage payment.
Yes, and my rent covers literally all of them. Again, it has to, or else my landlord would be renting this house at a loss. I don’t want the opportunity to pack up and move on short notice. I’ve lived in this city since I was born, and I intend to die here. I should not be forced to pay a premium for a feature I will never use.
Do you reckon I’d qualify for a mortgage with my <$30,000/year income and my zero credit history? If you do, I might actually look into it
Could it be that it doesn’t just cost what you pay in rent each month?
Do u reckon every landlord is renting out their houses for a loss??? You get that that’s what you’re implying, right? Like obviously my landlord is better equipped to handle a big expense all at once, but that’s because the cost is amortized across many many months of my rent payments.
Don’t think you’re being a little dramatic? There are many more costs involved in owning a house than the mortgage payment.
You’re paying for not having the responsibility to pay for any maintenance/repairs upfront, and for having the ability to easily pack up and move on short notice. If the roof suddenly needs replacing, that’s $9500 on average that you have to pay right now.
Chances are, if you’re financially stable enough that you’d be able to handle things like that without it being a financial catastrophe for you, then you do have enough money to own.
Yes, and my rent covers literally all of them. Again, it has to, or else my landlord would be renting this house at a loss. I don’t want the opportunity to pack up and move on short notice. I’ve lived in this city since I was born, and I intend to die here. I should not be forced to pay a premium for a feature I will never use.
So, nothing’s keeping you from buying a house then, since what you already pay in rent covers all of the cost. Right?
Why haven’t you bought a house already, then? Could it be that it doesn’t just cost what you pay in rent each month?
Do you reckon I’d qualify for a mortgage with my <$30,000/year income and my zero credit history? If you do, I might actually look into it
Do u reckon every landlord is renting out their houses for a loss??? You get that that’s what you’re implying, right? Like obviously my landlord is better equipped to handle a big expense all at once, but that’s because the cost is amortized across many many months of my rent payments.