I'm starting to feel like there's not much choice

I'm starting to feel like there's not much choice

wait until you hear about renting (for those of us who really don't have a choice) - you get to be a wage slave and at the mercy of a greedy landlord..

And you get no security of retirement! Thanks ever increasing rent!
- Of course not. You gotta build your landlords retirement instead.
- Who needs retirement when I can just die!

by buying a house you get to be a wage slave for a couple dozen years, By renting you can be a wage slave for your whole life

By renting a home, you'll pay 1300 a month for the rest of your life.

By buying a home, you'll pay 800 dollars a month for the rest of your life, with the occasional 5 - 10 thousand dollars surprises every now and again.
- Except in the end you can also sell that house for $600k-$900k+ at 65 years old then use half of that to rent the next 30 years and have the rest to do whatever the fuck you want.
It's cute that you think life is inexpensive once you pay off your mortgage at 65 and have spent several thousand dollars throughout the years maintaining that house that would've otherwise been put into your savings account
- If it weren't more profitable to own a house than it were to rent, there wouldn't be such a thing as landlords.
- Over time the mortgage payment is less expensive than it was at first, due to inflation. My rent is 3x more than my neighbor's mortgage because they bought their house 15 years ago.
- It's less about that the money gets spent and more about the outcome. The money is burned either way, but now maybe my kids will have it easier and can save their money. Maybe we can start to build more generational wealth, and their kids can have even better lives.
- Ah yes. Fill a landlords pocket or a bank. Does it really matter? At least after you pay your mortgage off, that money just goes to taxes and then you “own” that property. Instead of renting until you die. Get real.

I'm a wage slave and I can't even afford a house 👍

Either way, you end up slaving away for someone else's profit. Either a landlord or a bank.

That's supposed to be an either thing?
- Supposed to be, no. Turned out to be, yes.
Eh, owning land is the closest thing a regular person can have to a real investment. I bought a shitty house back in 2019 and sold it recently without having made any improvements to it at all, yet it sold for enough money to offset all of the mortgage payments I'd made since purchasing it. Sure, all it did was make me break even on housing, rather than actually profiting from it, but that's a hell of a lot better than 4 years of $1,000+ rent payments a month down the drain. I'd likely have made a decent profit if I'd done anything to fix it up.

I used the money from the sale to buy an actually decent house in a better neighborhood that I'd never have been able to afford back in 2019, even though my financial situation has stayed pretty much the same. And this house will likely sell for an actual profit in a few years if I decide to move again, while being a great place to live in the meantime to boot.

I accept that I will not benefit from this. But my son will. Even if he sells it once I'm gone and helps him elsewhere. Just got to not fail as a parent and teach him not to spend it on ethots!

Until you get laid off in corporate downsizing to increase profits by .5% and then you can't afford your mortgage and the bank seizes your house
- But actually a lot of businesses do the same, so there's now a lot of middle size repossessed houses on the market and no-one that can buy them. So they auction it, and another corporation buys it up for their rental portfolio at half the price you paid. So now the bank comes after you for the rest of the money, for the rest of your life.
  
  But you can feel happy that the banks didn't lose, and the corporations won!
- This is what an emergency fund is for. And you would also end up homeless if you're renting and lose your income. It's no better. At least with the house, you could sell it if you need the money. You'll just lose a bit, but not everything.
Based

You're a wage slave regardless unless you're rich or lucky: Gotta have money to eat, get healthcare, have shelter, etc

Rich get richer. Had some recent inheritance roll to an IRA, looking at mutual funds to put it into until I'm required to withdraw it. There are ones tracking at 30-45% returns month after month while the economy is in the shitter. Want in? Minimum purchase amount for those funds is $100,000-250,000. The funds normal people can afford pull down more like 15% RoR on aggressive investments, which are super volatile.

You have to be wealthy to get wealthy. 99% of us are getting fucked by the 0.1% - the 1% just happen to have enough money to get into the lower levels of the game, but the 0.1% have investment options we'll never be party to.

It's amazing how many people will simp for these billionaires like Musk, and claim they're "in the game" with their investments and net worth. They're not. If your net worth is less than mid eight figures, you're not in the game, you're a rounding error.

Leaving us only one real option here government.

Fuck the economy, buy a condo!

I can’t even afford a van down by the river.
- Well, if it was burnt and scrap metal, I can afford it.

Don't you need a large down payment?

what if you tried squatting some properties instead?

That is an option some places! It does require that the area/country you live/choose does not viciously prosecute squatters. #USAproblems Wiki link
- Oh no! Homeless people are sheltering in unoccupied real estate without going to prison! They should just die outside to protect the investors who rely on homelessness to maintain property values!

Lmaoooooooooo wage slave by owning a house. Peak topkek.