UniversalMomentum t1_j5z2i6n wrote
Reply to comment by SomeRandomEntity44 in homeownership rate will be over 80% in the future because everyone will be able to own at least a small condo in low cost of living places due to remote work and indoor living. by Pitiful-Internal-196
Yeah, but try to sell your rental and see what happens. You can cash out a house and get back a considerable amount. With rent you pay about the same with no options to cash out. If you have low rent with utilities included it can be a good deal here and there vs trying to upkeep a low end house, but those deals are rather far and few between for anything that isn't half falling down junk.
For most home owners the analogy would be not paying mortgage gets you evicted. You can not pay taxes for years usually before they take your house because they will offer payment plans and such vs a landlord just being like YOUR DONE GET OUT!
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