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this post was submitted on 21 Sep 2023
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I have no desire to own real estate even though I can totally afford it, AMA
Same. The restrictions on mobility freedom aren't worth it for me, especially when things like local amenities and crime are so variable.
As an example, been living here for half a decade - buses have gone from every 8min to every 20-30min (and every hour on weekends) and crime has gone through the roof - law enforcement regularly drops by for my external security footage for everything from theft, assault, and homicide. Bus stop that was just a 30 second walk from my door was moved 3 mins away. There are many, many more reasons too, but those are the only ones really worth mentioning.
If I "owned" the house I'd be stuck, who would want to buy it for possibly less than the bank loan for me to move on? Not to mention the complicated process of getting that sorted
Also the idea of working at the same company for 30 years is ludicrous these days. Hell even staying in the same city is tough. Why in the world would I buy a house with a 30 year mortgage and nice short commute to work when its extremely likely that two years from now I'll be at another company an hour and a half on the other side of town?
What a world huh.