11–20 of 114 posts
30 year mortgage is founded partly on the idea that your house will be worth more in the future when you sell it. That you can lock in a lower price now. Number cannot always go up. We are at the top of the carbon pulse. Financialization has taken us far from the material baseline of the rock we are flying through space on. Debt will only get us so far. For this and many other reasons, why would you believe a house "…
The promises of WFH have also not come to fruition. The dream of moving anywhere and retaining your email job are not the reality in 2026. Employers seem actively hostile to that idea or are reneging on promises or claims that that "is the future".
30 year mortgage is founded partly on the idea that your house will be worth more in the future when you sell it. That you can lock in a lower price now. Number cannot always go up. We are at the top of the carbon pulse. Financialization has taken us far from the material baseline of the rock we are flying through space on. Debt will only get us so far. For this and many other reasons, why would you believe a house "…
Its only an investment if you are renting it out to someone else, otherwise you are just gambling.
Because you cannot pay market prices if you leave your rent controlled apartment. Once you are out, you never get one again. Apparently that is beyond the high and mighty Federal Reserve employees who wrote this speculation. The housing market needs to be socialized.
30 year mortgage is founded partly on the idea that your house will be worth more in the future when you sell it. That you can lock in a lower price now. Number cannot always go up. We are at the top of the carbon pulse. Financialization has taken us far from the material baseline of the rock we are flying through space on. Debt will only get us so far. For this and many other reasons, why would you believe a house "…
Of course this doesn't work exactly and you can nitpick this, but I think people should at least look at housing assets as more than "is it going to go up?", and more about long-term risk reduction. (And, just to be clear, this doesn't mean that you should lever up beyond reason to buy a house.)
30 year mortgage is founded partly on the idea that your house will be worth more in the future when you sell it. That you can lock in a lower price now. Number cannot always go up. We are at the top of the carbon pulse. Financialization has taken us far from the material baseline of the rock we are flying through space on. Debt will only get us so far. For this and many other reasons, why would you believe a house "…
Buying a house as an investment is so dumb. Its only an investment if you are renting it out to someone else, otherwise you are just gambling.
30 year mortgage is founded partly on the idea that your house will be worth more in the future when you sell it. That you can lock in a lower price now. Number cannot always go up. We are at the top of the carbon pulse. Financialization has taken us far from the material baseline of the rock we are flying through space on. Debt will only get us so far. For this and many other reasons, why would you believe a house "…
You're falling for the trap of just thinking of buying a house as an investment . Buying a house can be an investment, but it's also buying a place to live. Even if the home's value merely keeps pace with inflation over 30 years, you've converted a largely fixed housing payment into ownership rather than paying ever-increasing rent indefinitely.
30 year mortgage is founded partly on the idea that your house will be worth more in the future when you sell it. That you can lock in a lower price now. Number cannot always go up. We are at the top of the carbon pulse. Financialization has taken us far from the material baseline of the rock we are flying through space on. Debt will only get us so far. For this and many other reasons, why would you believe a house "…
Buying a house as an investment is so dumb. Its only an investment if you are renting it out to someone else, otherwise you are just gambling.
Easily 30-50% of the money you pay in rent is immediately burned in tax/letting agent fees that don’t happen to a homeowner who “is their own landlord”. Additionally there’s no capital gains tax on one’s primary home.
Even if house prices stay flat it’s usually still better to own if rental yields in your area are higher than 5%.
30 year mortgage is founded partly on the idea that your house will be worth more in the future when you sell it. That you can lock in a lower price now. Number cannot always go up. We are at the top of the carbon pulse. Financialization has taken us far from the material baseline of the rock we are flying through space on. Debt will only get us so far. For this and many other reasons, why would you believe a house "…
You're falling for the trap of just thinking of buying a house as an investment . Buying a house can be an investment, but it's also buying a place to live. Even if the home's value merely keeps pace with inflation over 30 years, you've converted a largely fixed housing payment into ownership rather than paying ever-increasing rent indefinitely.
If you purchased a rust bucket of a car, you own it and if it all goes south you still have a roof over your head.
It’s getting prohibitively expensive. Before brokers fees were banned in Boston, a $2,000/mo apartment could have cost you $8000 just to move in . That’s for first, last, security and brokers fee. That’s a worst case scenario but even just first and last months rent is $4000. It’s getting outrageous.
I decided that I'd just go into credit card debt and live in the crappiest hotel that I could find until I had enough money to pay the first/last/security deposit.
Luckily, I found some shady landlord on Craigslist that turned out to be pretty chill, and just let me move in without even paying until I had the money. Dude even picked me up from the airport and moved me right in. It was kind of a rip-off for a room, but it was furnished, and I wasn't going to be in a position to buy furniture for months, so it worked out for both of us for 6 months or so.
I do wonder... At what point does this start to impact who can and can't even move to your area for work? Have we already reached that point?