Quote:
Originally Posted by 4444
Your view of freedom is so narrow, you can smoke? That's freedom to you? That's a fucking lame freedom.
I mean it from the perspective that I can up and leave at any moment, not an ounce of financial risk associated with that, I don't have to worry about an increase in mortgage rates taking me over the edge of what I can afford.
And if u think a come back is 'ur landlord can raise rents' there are caps on how much, but in 4 years, not a single raise, why? Because he hears not note one from me, I give him 12 cheques every January, text him if he needs to send someone over to fix something, that's it - knows I always pay, he makes his money (he bought the place brand new 16 yrs ago so his cost base is actually reasonable), and I pay about $300-500 below market rent at that, compared to others that live in my building
So, yeah, I think I have the freedom... Whether ur 'buddies want to smoke' - I'm not 16, and that stuff is just so futile
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Wow dude, way to go nuts over one tiny example (which has a backstory from my previous tenancy that's too long winded to get into here). There's
OBVIOUSLY a lot more to it than that. The thing is, everyone's going to have their own perceptions of what is valuable to them.
You value financial freedom to pack up and move whenever you want, I get it, good forr youuuuu. I don't need that particular freedom anymore, I hate moving, I'd rather be stable where I am.
I rented for 6 years. I had very good landlords (not a single rent raise either in those 6 years) but shitty neighboring tenants. I learned that co-habitation is just not for me.
I agree that there are a lot of people are overextending themselves for over-valued property. Personally, I'm not worried, because I have a brain. I'm not one of those 5% down - 80% income to mortgage people, I bought well within my affordability.