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I agree that the 'housing as an investment' situation is awful but what are the prospects, realistically, for someone looking for a home right now? If it's a ch

I agree that the 'housing as an investment' situation is awful but what are the prospects, realistically, for someone looking for a home right now? If it's a choice between renting or paying off a mortgage then to me it's a no brainer to go for the loan if you can get one on reasonable terms. Otherwise you're just throwing money away on rent, you'll never see those rent payments again. And that's what I don't want to see, private equity home ownership reaching a point where more and more people have no choice but to rent. Whatever the solution is to the housing crisis (probably building more homes, duh), I don't think it's relinquishing ownership to wall street and becoming a society of renters And yes I know they don't own that many houses relatively speaking, right now, but I personally don't see any upside to allowing the practice at all.

bluGill 1y ago
> Otherwise you're just throwing money away on rent, you'll never see those rent payments again. This propaganda is not the whole truth. Renting almost always means you live in a smaller/cheaper place (or perhaps in a more expensive place but you don't own a car) after maintenance costs are accounted for. People who take that different and invest it well end up just as rich as people who invest in houses - it isn't hard to find investments that have a much better long-term returns than real estate.