3 ms·

Yea this just doesn’t make sense. You live in a market with $800k houses down the road but your apartment is $1300/mo? Do you live in a dirt pile because free m

Yea this just doesn’t make sense. You live in a market with $800k houses down the road but your apartment is $1300/mo? Do you live in a dirt pile because free markets say rent can be charged what it’s worth. If your apartment isn’t worth what the market can charge it may literally be unlivable. But then you go on to claim you have a lot in investments, or something along those lines as it wasn’t clear. Your story’s dots aren’t connecting. Thing is, I think you’re actually desperate to own a home, as am I. And now your justifying your desperation with this flawed idea that renting is somehow cheaper. There is no reality in which this is true, that’s why you see the bulk of people flocking to buy and all of us complaining that the party is over. You’re wrong.

paulcole 3y ago
> You live in a market with $800k houses down the road but your apartment is $1300/mo? Yes that is correct. Ladd's Addition in, Portland, OR. The floor for fixer-upper houses within a half mile might be $500k but I see $800k+ very regularly. I'm sure you can find something to quibble with here though. Somehow in my 40-year life I've always managed to find small, cheap, shitty apartments in good neighborhoods. I guess either I am the luckiest person alive or most people aren't excited to live in small, shitty, and cheap apartments? > But then you go on to claim you have a lot in investments, or something along those lines as it wasn’t clear. Your story’s dots aren’t connecting. I put a few thousand into index funds each month. I could easily buy a house with cash in a place where I'm not excited to live. But why would I? I don't want a house. I like my cheap small shitty apartment because it's in a great neighborhood. My money's growing just fine. I have enough. > And now your justifying your desperation with this flawed idea that renting is somehow cheaper. You're wrong. I said that renting can be an attractive decision despite having no home equity at the end. I understand that owning a home can be an attractive decision as well. I just think that people who are fanatical about how bad a decision renting is are generally wrong.
- tekknik 3y ago
  > I put a few thousand into index funds each month. I could easily buy a house with cash in a place where I'm not excited to live. But why would I? I don't want a house. I like my cheap small shitty apartment because it's in a great neighborhood. My money's growing just fine. I have enough. Because you’re not lighting rent money on fire every month. I’m sorry you can’t understand this, and all I wanted to do was help you understand. But it isn’t my money so keep the delusion, I don’t care anymore.
  - paulcole 3y ago
    > Because you’re not lighting rent money on fire every month. I'm not lighting it on fire! I'm getting a place to live. The homeowner is also lighting money on fire every month! They don't get a check back from the roofing company when they sell their house. They don't get a rebate from GE for the stove they bought 20 years ago. They get the benefit of having a stove in their house and a roof on their home. In 20 or 30 years or whatever I have a Vanguard account with a couple hundred thousand dollars in it. In 20 or 30 years the homeowner sells and gets a big check as a result. Why do I care if their check is bigger than my Vanguard account?

paulcole 3y ago

> You live in a market with $800k houses down the road but your apartment is $1300/mo? Yes that is correct. Ladd's Addition in, Portland, OR. The floor for fixer-upper houses within a half mile might be $500k but I see $800k+ very regularly. I'm sure you can find something to quibble with here though. Somehow in my 40-year life I've always managed to find small, cheap, shitty apartments in good neighborhoods. I guess either I am the luckiest person alive or most people aren't excited to live in small, shitty, and cheap apartments? > But then you go on to claim you have a lot in investments, or something along those lines as it wasn’t clear. Your story’s dots aren’t connecting. I put a few thousand into index funds each month. I could easily buy a house with cash in a place where I'm not excited to live. But why would I? I don't want a house. I like my cheap small shitty apartment because it's in a great neighborhood. My money's growing just fine. I have enough. > And now your justifying your desperation with this flawed idea that renting is somehow cheaper. You're wrong. I said that renting can be an attractive decision despite having no home equity at the end. I understand that owning a home can be an attractive decision as well. I just think that people who are fanatical about how bad a decision renting is are generally wrong.

tekknik 3y ago
> I put a few thousand into index funds each month. I could easily buy a house with cash in a place where I'm not excited to live. But why would I? I don't want a house. I like my cheap small shitty apartment because it's in a great neighborhood. My money's growing just fine. I have enough. Because you’re not lighting rent money on fire every month. I’m sorry you can’t understand this, and all I wanted to do was help you understand. But it isn’t my money so keep the delusion, I don’t care anymore.
- paulcole 3y ago
  > Because you’re not lighting rent money on fire every month. I'm not lighting it on fire! I'm getting a place to live. The homeowner is also lighting money on fire every month! They don't get a check back from the roofing company when they sell their house. They don't get a rebate from GE for the stove they bought 20 years ago. They get the benefit of having a stove in their house and a roof on their home. In 20 or 30 years or whatever I have a Vanguard account with a couple hundred thousand dollars in it. In 20 or 30 years the homeowner sells and gets a big check as a result. Why do I care if their check is bigger than my Vanguard account?