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A comment on How I Think About Debt. Parent comment

Re:How I Think About Debt by dheera on Tuesday May 07, 2024 @02:27PM (#40289613)
Not really, you can get out of paying rent easily, usually the maximum penalty is one extra month of rent, which won't break most middle class people.

It's not that simple to sell a house, and if real estate prices crash you're still on the hook for the several hundred thousand dollar difference.

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Re:How I Think About Debt by jjav on Wednesday May 08, 2024 @02:42AM (#40295044)
> Not really, you can get out of paying rent easily

And then, what?

Unless you have a backup plan which allows you to live for free somewhere, you can't get out of paying someone for it. Whether rent or a mortgage.

For housing, it is most useful to plan long term and consider you have a lifetime of housing payments coming up. How can you minimize that lifetime total?

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