JPJones

I can only speak for myself, but it wasn't so much the line as the hand-waving that came with it. It was more that I found the line relatable, but you're right about it being appropriate for the scene.

I don't see the problem. Oo

Thanks for the explanation and context. Your opinion makes more sense now.

It's not the criticism. It's the condescension and bitterness. Your case is an outlier; an anecdote, yet you're talking about it like it's the norm when the data shows it is not. So I asked what your story is, because that's the important part. What happened? What lesson can people learn from your situation that might help them avoid it themselves?

Man, what the heck happened that made you so bitter about home ownership? I know it can be a pain at times, but it's one of the simplest and most reliable ways we have to build wealth and escape being wage slaves.

Insurance and property taxes aren't part of the mortgage outside of an escrow account, so yes, it is true.

Regardless, the point is still that rents will increase a lot more than monthly overhead for owning.

In the short term, renting isn't always stupid if you can own, but most of the time it is. In the long term, renting is, with very rare exceptions, much worse than buying. For context, even those who bought in 2005 at the peak of the last housing bubble on a fixed 30y are saving a fuckton by owning rather than renting. They would be paying 3-4x more renting than owning today.

And rent goes up. In 10 years, the mortgage will be the same.

Nuh uh!

No it isn't!

It's OKAY to say no.