Having a house isn’t suppose to be about owning an asset. It’s suppose to be having a place to live and not worring about owing someone money for it. Going from being a home owner with a mortgage to being a renter don’t really change your place in capitalism.
You still owe money for taxes and insurance, and of course you have to pay for the upkeep. It’s interesting that home ownership isn’t an asset since you’re not renting it out, but investing the same amount of money is considered an asset.
I disagree with ur last bit. With a mortgage u are working toward being part of the “ownership class”, where as a renter ur funding somebody else to be in that class this putting u “down a peg” in the sick game we have to play. Even if u spend 1 mil on a house that is worth 300k at the end of ur stint there, that’s better than paying similar monthly and getting back zero. Any return is better than no return, and some dickhead can’t sell ur home from under you.
Having a house isn’t suppose to be about owning an asset. It’s suppose to be having a place to live and not worring about owing someone money for it. Going from being a home owner with a mortgage to being a renter don’t really change your place in capitalism.
You still owe money for taxes and insurance, and of course you have to pay for the upkeep. It’s interesting that home ownership isn’t an asset since you’re not renting it out, but investing the same amount of money is considered an asset.
I disagree with ur last bit. With a mortgage u are working toward being part of the “ownership class”, where as a renter ur funding somebody else to be in that class this putting u “down a peg” in the sick game we have to play. Even if u spend 1 mil on a house that is worth 300k at the end of ur stint there, that’s better than paying similar monthly and getting back zero. Any return is better than no return, and some dickhead can’t sell ur home from under you.