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Austin's avatar

One other question, doesn’t the return on investment depend on disparities between the buyer and seller? If you and I both bought similar homes 5 years ago for the same price, and now each are worth twice as much, then if you and I sell to each other, neither of us has received a return on investment, right?

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Austin's avatar

I guess I’m still stuck on “where do you live after you retire or have no income?” Someone that paid off a house has a house. Someone that only rented for 45 years is homeless.

I really liked the mention of the intangibles of autonomy and ownership. As someone who has been limited to renting apartments units for the past 10 years, my income has finally allowed me to get into a small townhouse. It’s hard to express how deeply satisfying it is to finally be out from underneath the cold foot of corporate property management companies. They use faulty algorithms to inflate their rent until it hurts. Why should I pay 2x a mortgage for a 3b apt? Getting out of that system has made a huge difference on my mental health. So many of my neighbors like me were paying 35-50% monthly income just to cover rent. Not sustainable.

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