TheYellowKing
Diamond Member
- Aug 14, 2023
- 1,670
- 1,717
- Thread starter
- #21
I'm not a leftistI did not realize it was a leftist that started this thread.
Thanks for letting me know.
For you Leftists, here's how it works:
You rent for as long as you must, paying as little as possible, and saving what you can toward a down payment on a house While renting, you scout around to find houses that you can afford with your current income, including houses that "need work," so that you might be able to gain some "sweat equity."
Your first house will not be posh. It won't have everything you want. It won't be an "average" or "typical" house for your geographical area; it will be MODEST and lacking in some desirable features. This house is called a "Starter Home."
Over time, that house will increase in value and you will pay down the mortgage (a bit), and if you are NORMAL, your income will increase. In due course, you will be able to sell that Starter House and buy something nicer. Maybe THAT one won't be what you really want, but it will be nicer than the first one.
Basically everyone I know has gone through this process, and yet Leftists don't seem to get it. They keep spouting nonsense like, "The average worker can't afford to buy the average house!" as though that were something new and astonishing.
Of course, normal people don't have six figure student loans to pay off, from their quest to get a degree in gender studies. So there's that.
I own my house now genius, doesn't change the fact when Trump was in Office rates were 3% which is what I'm currently paying and now they are 7-8%
Meaning super nice homes that I could have bought using my NET for a down payment are still out of my price range solely because of the inflated rates
So yeah you saying "just rent and save up bro" is another disingenuous argument