Re:How Property Taxes Shape Our Cities
by stale2002 on Tuesday July 03, 2018 @06:35PM
(#17454132)
You are wrong on the whole wealth issue.
If you are are renting, then you are paying significantly less than a morgage.
If you don't have a morgage, you can put a bunch of extra cash into investments that make more money than housing "investment".
And once that stock market investment increases, you can spend all that extra money you got on anything you want. You could even use it to buy a house! Probably even a bigger or more valuable house than if you "invested" in a morgage years ago.
Re:How Property Taxes Shape Our Cities
by rcpt on Tuesday July 03, 2018 @07:57PM
(#17454487)
One of the issues with home buying, and I hate this, is that banks are more than happy to help you take out a giant loan to help you buy a house. If you speculate correctly your gains are much higher.
If you are are renting, then you are paying significantly less than a morgage.
If you don't have a morgage, you can put a bunch of extra cash into investments that make more money than housing "investment".
And once that stock market investment increases, you can spend all that extra money you got on anything you want. You could even use it to buy a house! Probably even a bigger or more valuable house than if you "invested" in a morgage years ago.