Elizabeth Warren proposes "Wealth Tax"
- Thread starter GnauzBookOfRhymes
- Start date
What's funny about that? I was a good tenet so my rent increases were keep decent over my stay.
the cac mamba
Veteran
the fact that your experience is not remotely typical
Most people would call me a moron for renting the same place for 15 years and would never do it so how could that be remotely typical? I've paid about $92K in rent payments over 15 years.the fact that your experience is not remotely typical
The math says that at a 5.5% rate I would pay $92K in interest payments over 9 years. I'm using that because back in 2019 when I was considering buying a house that's what rates were. Also I would have paid $30K on principal on a median house here. From 2019 when I started that portfolio to now I've built up about $200K though it's down $34K this year. In other words the money my portfolio lost this year is almost as much as I'd have paid down my principal in 9 years buying a home.
vs
Buying a home isn't always the answer. The fact of the matter is people need to invest the difference to make renting as a strategy work. Most would just have that savings become lifestyle inflation.
the cac mamba
Veteran
do you sign a yearly lease that goes up every year, at market rental price?
if not, then with all due respect, shut the fukk up
None of this matters when you have no life. You said you don't have friends or relationships and don't like to travel.Most people would call me a moron for renting the same place for 15 years and would never do it so how could that be remotely typical? I've paid about $92K in rent payments over 15 years.
The math says that at a 5.5% rate I would pay $92K in interest payments over 9 years. I'm using that because back in 2019 when I was considering buying a house that's what rates were. Also I would have paid $30K on principal on a median house here. From 2019 when I started that portfolio to now I've built up about $200K though it's down $34K this year. In other words the money my portfolio lost this year is almost as much as I'd have paid down my principal in 9 years buying a home.
vs
Buying a home isn't always the answer. The fact of the matter is people need to invest the difference to make renting as a strategy work. Most would just have that savings become lifestyle inflation.