angrymoppet
angrymoppet t1_j2uidab wrote
Reply to comment by Velkyn01 in Home price increases weakened sharply in November, posting the smallest annual gain in 2 years -CNBC by wander9077
It's a waste because that rental will always be at a premium over an equivalent mortgage. The mortgage payment I'm making today -- which is considerably less than that shithole apartment I was referring to -- will be the same mortgage payment in the year 2045, by which point I presume that same apartment will cost multiple times what it costs today. I've spent a considerable amount of time looking at both apartments and homes in a 40 mile radius from where I am. There are no apartments that are charging a "fair" price for what is being offered. The money is being vacuumed up by greedy corporate fucks intent on breaking the back of the working class to keep them in perpetual servitude. The funds spent on that rental premium is cash you can't divert to your own financial independence and security. Make no mistake, the money is a waste. It's a necessary waste for the millions who have no other option, but every second you're not calling it what it is provides unnecessary cover for the super rich to continue applying their boot heel to your neck.
angrymoppet t1_j2ufxnc wrote
Reply to comment by Velkyn01 in Home price increases weakened sharply in November, posting the smallest annual gain in 2 years -CNBC by wander9077
Because it's true. After years on the renting treadmill I was lucky enough to be able to stay with family for awhile with my girlfriend to save the money to put down on a home. Every month that we pay our mortgage it's money going into an investment that we can later sell or own outright. You pay an obscene premium to rent and get no such long term security from it. It's money straight down the toilet. It used to be worth it to rent because the price gouging wasn't so bad that you couldn't set aside money while renting to save up for a home. That's no longer the case for most people, unfortunately.
angrymoppet t1_j2uemzk wrote
Reply to comment by Velkyn01 in Home price increases weakened sharply in November, posting the smallest annual gain in 2 years -CNBC by wander9077
Rent prices have become inflated to the point where it's crippling people's ability to save for a home. In my area, the same shithole 2 bedroom apartment that cost 1200 in 2017 cost 1800 in 2021. I'm sure it's even more now. It's crazy out there.
angrymoppet t1_j367toh wrote
Reply to comment by CoochieSnotSlurper in Sinaloa cartel launches violent response as Mexico recaptures El Chapo’s son by getBusyChild
Firing missiles to resolve law enforcement issues is probably not the greatest precedent to set.