Re:Majority of Hispanic Americans own a home
by xdennis on Friday March 03, 2023 @06:09PM
(#35016265)
This is not about renting. It's just weird when some people consider themselves home-owners when they haven't actually paid for their house.
Being a home owner is a great thing, but that something very few people can achieve today at an age when they can still get a hard-on.
Re:Majority of Hispanic Americans own a home
by nerdchum on Friday March 03, 2023 @11:32PM
(#35018201)
agreed and it feels like redefining the word owner isn't helping identify the percentage of true homeowners. It's sort of obfuscates the whole thing.
Re:Majority of Hispanic Americans own a home
by pasquinelli on Friday March 03, 2023 @05:56PM
(#35016154)
hey, i don't think anyone is attacking you for owning a home, so you really don't need to defend yourself.
Re:Majority of Hispanic Americans own a home
by nerdchum on Friday March 03, 2023 @10:49PM
(#35017974)
you still don't own your house. The bank can take it away if you don't pay them.
then you have property tax, insurance, maintenance, and a huge amount in interest.
My aunt is a landlord. And at the end of the day, her profit is around 20%.
which means you are only paying 20% less than a renter, however, you're completely locked in and can't go anywhere.
and even more unfortunate... even after your mortgage is paid off ....you'll still be paying: property tax, maintenance, insurance etc etc. forever
and none of that is getting any cheaper.
people lose their houses all the time because property taxes got away from them because rich people moved in and just took the neighborhood.
Renting doesn't even compare, just throwing money at someone else's retirement.