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Renting is where you pay more for impaired consumption than a homeowner pays for unimpaired consumption PLUS investment?
You've made variations of this claim about a thousand times on this forum, and people who have actual owned homes and rented have explained why it isn't always the case.
You ignore them, wait awhile, then make the same complaint again in a new thread. Your motivation is to play the victim, nothing more.
You've made variations of this claim about a thousand times on this forum, and people who have actual owned homes and rented have explained why it isn't always the case.
You ignore them, wait awhile, then make the same complaint again in a new thread. Your motivation is to play the victim, nothing more.
Yes, it's not "always" the case, but under either equal housing spending or equal housing consumption, I'll put my money on the homeowner.
If I own an asset, but fail to adequately maintain it, I'll be resoundingly punished when it comes time to sell the asset, in the form of reduced market-value. It is quite literally paying a fine for my lassitude while owning the asset.
Yes, it's as if there were some sort of sinking fund for maintenance costs. If you make regular payments into the sinking fund and thus keep the asset in solid shape, you have every chance to get your money back when you ultimately come to sell. If you walk away from that obligation, in addition to suffering the day-to-day costs of progressive dilapidation, your dereliction of duty will be deducted directly from what the house can be sold for. By the way, you need to change the oil in your car from time to time as well.
Quote:
Originally Posted by ohio_peasant
The "ownership society" (remember that piquant phrase, from the GWB administration?) amounts to the "keep the Proles occupied with their lawn-mower and paint-roller society".
Not apropos. In Bush's "ownership society", all you actually owned was MORE RISK. As for home ownership, it is more like a canvas on which a beautiful painting can be created. Of course, some just don't have a talent for or an interest in such art.
As has been explained over and over to you by lots of different people, this claim is bunk.
The possibilities are limited:
Is renting when you pay less than a homeowner? (Seems unlikely since landlords are in business to make a profit - landlords must recover all costs PLUS an acceptable profit.)
Do renters enjoy unimpaired use of property? (Obviously not.)
Do homeowners not enjoy unimpaired use [for its intended and zoned purpose, viz, as a personal residence] of their property? [Zoning can prohibit homeowners from converting their property to other uses, but there is nothing to stop a homeowner from, say, changing the exterior paint color - unless they are part of the minority who live in an HOA. Try doing THAT with rent.]
Do homeowners not also enjoy an investment component in their mortgage payment? (Obviously not.)
you are not and cannot be a homeowner so accept your situation and stop wishing it away with no action except making excuses and complaining for where you are and complaining about others who have their money work for them . it seems everyone in your life making a market wage is evil to you . .
landlords do it to make a profit. end of story .
Last edited by mathjak107; 06-22-2017 at 08:06 AM..
you are not and cannot be a homeowner so accept your situation and stop wishing it away with no action except making excuses and complaining for where you are and complaining about others who have their money work for them . it seems everyone in your life making a market wage is evil to you . .
landlords do it to make a profit. end of story .
By the standards of ppl here, it appears I would be considered more "successful" if I were to become an exploitative middleman of the sort I've described. My co-workers are also making a market wage; they live in SRO housing.
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