2 ms·
The problem with this argument is rent. If you can buy a house (to live in) without a mortgage, or with a very low rate, you not only reap the capital gain, bu
by jacknews 4y ago
The problem with this argument is rent.
If you can buy a house (to live in) without a mortgage, or with a very low rate, you not only reap the capital gain, but save on paying someone else rent.
- sys_64738 4y agoGenerally a mortgage is finite then you own the asset whereas rent is infinite with no asset afterwards. I don't get the reason others buy or rent but for me it's all about owning my home with mortgage payed off ASAP. The last thing you want going into retirement is paying for a place to live.
- briandear 4y agoYou pay the government rent in the form of high property taxes. It’s insane that you can never actually own your house. Taxes should be based on consumption, not income, or simply existing.
- jacknews 4y agoActually, although it makes complete sense to own land rather than pay rent in perpetuity in our current economic system, it is also totally unjust. The land belongs to all of us, like the air. Allowing individuals to own it, and especially to bequeath it, is the root of many of our problems,