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[–] 2 pts

Between her voice and ignorance of economics, that was physically painful to hear.

Buying a home to increase your wealth is a fucking myth spread by media for years. Between realtor fees, transfer taxes, property taxes, mortgage interest, and maintenance, the typical middle class homeowner is lucky to break even unless they accidentally timed the market just right. If they bought in the last housing bubble nearly 15 years ago, they are probably still underwater.

And how do you even access the equity you generate after years a painfully paying down a mortgage? If you sell, a real estate agent gets a cut, and you still need somewhere to live. Best case is that you die and your kids sell the house to buy stonk in GME. Horray for generational equity!

Just appreciate a home for what it is - a chance to hopefully live and raise your kids in a low crime neighborhood. But it's a lifestyle expense, not an investment.

[–] 0 pt

Breaking even is building wealth, comparatively. When you rent every dollar is gone. When you buy you can get a large amount of that money back.

[–] 0 pt

And every dollar spent on mortgage interest, property taxes, and home maintenance/upkeep is gone too. I just see a lot of people who end up with more "wasted" expenses than when they rented.,