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iidesune t1_j1xh0vz wrote

Reply to comment by scarabic in [OC] State by State Housing Price Growth since 1975 by fred_fotch

This is a fine argument for the merit of being a renter.

Just feel fortunate that you lucked out and found a buyer for your home. I would challenge you to factor in down payment, closing costs, maintenance, interest, selling costs, taxes, insurance, and other housing related costs (furniture, utilities, etc) before determining that you actually made a big profit by selling your home.

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scarabic t1_j1xjq9u wrote

Um. My dude. No, I didn’t just forget about my down payment (which immediately becomes equity anyway - you knew that, right?).

The rest of this we tracked continuously and at tax time. If you’ve never owned, maybe it seems hopelessly complex and expensive to you. I can’t tell if that’s it or you just tried so hard to puff up that list that it became ridiculous. Furniture!

Anyway keep renting since you find it morally superior to be exploited than exploit. I won’t take that away from you, just the illusion that you’re somehow not involved.

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