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Rent can do that. But in renting you can more easily move to a better paying job. I'm not sure you're derisking as owning is also subject to local taxes of wha
by chiefalchemist 2y ago
Rent can do that. But in renting you can more easily move to a better paying job.
I'm not sure you're derisking as owning is also subject to local taxes of whatever sort. Those too can increase faster than income.
- toomuchtodo 2y agoAnd if you can’t find a job because you’re older or the employer market is raking you over the coals, you’re screwed, while your housing is mostly locked in.
- chiefalchemist 2y agoBut that's the point, rent === mobility own === 10x less so Sure. It's nice to want roots, have a home, etc. But given how the financial system works - and the economic and sociopolitical systems that sit on top of it - an RV might be the smartest way to go. Sure there's always the American Dream narrative but (leadership) actions speak louder than words. Seeing Santa Claus or the Easter Bunny is 100x more likely than the now mythical Anerican Dream.