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Joined 3 years ago
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Cake day: June 15th, 2023

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  • For years there were opinion pieces in publications about how much better renting is than buying. Financial experts made the case that the expense of purchasing and maintenance weren’t worth any benefits of ownership, especially in the long term. After dealing with big rent increases, insane landlords, and apartments being shown while I was living in them I wasn’t convinced. When adding in the relative stability in the of costs of ownership I always thought those experts were full of crap.

    Turns out none of those articles took sudden increases in property values and rent into account. Trying to rent an apartment for someone on a moderate fixed income in my area has become damn near impossible. Rents have gone up ~60% in 5 years far exceeding the COL increases most people see from retirement income or even the raises they may be getting from their employers if they’re working.

    Buying a home was one of the best financial decisions I’ve ever made.