4 ms·
> 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 fix
by 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?