Although living for rent the house is never yours, I laugh when someone says that they prefer to buy a house as property. They do not take into account that, while they do not finish paying the mortgage, the house is owned by the bank, apart from a house owned, it carries additional expenses, external maintenance, taxes, etc., which, as a tenant, do not affect you, even if something breaks of the installation, the water heater, a pipe, the air conditioning, etc., it is the owner who has to replace or repair it, not the tenant.
Or the house suddenly loses 80% of its value, because the city council decides to put a new highway 30m from your house.
The other advantage of renting is mobility, if for some reason, for example due to a new job, you have to go live somewhere else, you take your things and leave, which is much more complicated with a house in propiety.
Buying a house which isn’t mine until I paid it in 30 years? Not even drunk
Regarding the mortgage, the movement, and the instability of its value I do agree that renting will help you with that. But renting will always cost more than having a house(no mortgage) and paying bills, repairs, maintenance, and anything else. This is due to the landlord having to make you pay more than he has to spend to make it profitable. In practically, if someone is a landlord as their only/main source of income (were talking big firms or rich individuals here not people on retirement or anything) they are spending the tenants money for all repairs maintenance and anything else whilst pocketing the surplus/profit.
Of course, in our current capitalist system buying a house straight up is nigh impossible but most people prefer owning a house and will only say they prefer renting because they don’t have the income to own a house straight up because of the initial cost, even if it’s cheaper long term. Like anything in capitalism, the rich get richer and the poor get poorer.
If, by inheritance or other means, you get a house, the expenses are naturally somewhat lower than living for rent. But it does not change anything in that I do not see the advantages of owning a house, it only increases your responsibility for the house and takes away your freedom of movement.
I have guaranteed income and enough to be able to get a mortgage, but I prefer not to, with the difference that my bank account is positive, with no mortgage or outstanding credit. Not like a relative of mine who bought a house in the suburbs and did well for a few years, until a railroad track was built in front of his yard. Now he still owes the €200,000 mortgage despite the fact that his house has already completely lost its value and he has to put up with the noise of the train that makes jump the cups in the display case. No thanks.
Also if you fail to pay your mortgage you’re fucked, the bank keeps the house and in some fucked up cases (like during the spain financial crisis iirc) you also keep the debt.
That is another reason to live in a rented house. It’s exchanging “property” against freedom and better control over your money and less obligations.
Also you cal lose a leased home if you don’t pay, but you leve without debt, or at least only the month which you debt.
Although living for rent the house is never yours, I laugh when someone says that they prefer to buy a house as property. They do not take into account that, while they do not finish paying the mortgage, the house is owned by the bank, apart from a house owned, it carries additional expenses, external maintenance, taxes, etc., which, as a tenant, do not affect you, even if something breaks of the installation, the water heater, a pipe, the air conditioning, etc., it is the owner who has to replace or repair it, not the tenant. Or the house suddenly loses 80% of its value, because the city council decides to put a new highway 30m from your house. The other advantage of renting is mobility, if for some reason, for example due to a new job, you have to go live somewhere else, you take your things and leave, which is much more complicated with a house in propiety. Buying a house which isn’t mine until I paid it in 30 years? Not even drunk
Yeah, I’d rather just rent some cheap-ish apartment and await (+ hopefully participate in) the revolution
Regarding the mortgage, the movement, and the instability of its value I do agree that renting will help you with that. But renting will always cost more than having a house(no mortgage) and paying bills, repairs, maintenance, and anything else. This is due to the landlord having to make you pay more than he has to spend to make it profitable. In practically, if someone is a landlord as their only/main source of income (were talking big firms or rich individuals here not people on retirement or anything) they are spending the tenants money for all repairs maintenance and anything else whilst pocketing the surplus/profit.
Of course, in our current capitalist system buying a house straight up is nigh impossible but most people prefer owning a house and will only say they prefer renting because they don’t have the income to own a house straight up because of the initial cost, even if it’s cheaper long term. Like anything in capitalism, the rich get richer and the poor get poorer.
If, by inheritance or other means, you get a house, the expenses are naturally somewhat lower than living for rent. But it does not change anything in that I do not see the advantages of owning a house, it only increases your responsibility for the house and takes away your freedom of movement. I have guaranteed income and enough to be able to get a mortgage, but I prefer not to, with the difference that my bank account is positive, with no mortgage or outstanding credit. Not like a relative of mine who bought a house in the suburbs and did well for a few years, until a railroad track was built in front of his yard. Now he still owes the €200,000 mortgage despite the fact that his house has already completely lost its value and he has to put up with the noise of the train that makes jump the cups in the display case. No thanks.
Also if you fail to pay your mortgage you’re fucked, the bank keeps the house and in some fucked up cases (like during the spain financial crisis iirc) you also keep the debt.
That is another reason to live in a rented house. It’s exchanging “property” against freedom and better control over your money and less obligations. Also you cal lose a leased home if you don’t pay, but you leve without debt, or at least only the month which you debt.