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Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward (finance.yahoo.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 68 points 1 year ago (2 children)

I dont want to own because of equity, there is a lot of other reasons why owning is important for me. For example there is a lot of things I would like to do in my apt that I cannot as a renter: passing cables in the walls, moving a wall, adding some electric plugs etc. I also have less stability, even if I have some protections tbe owner could always decide to do some big renovations and kick me out.

Renting is okay, but there is big drawbacks and I should be able to own if I want to.

[–] [email protected] 21 points 1 year ago

And aside from that, house prices going up also means rent going up. Rent going up means more people in the streets. It's just bad for everyone who is not already an owner

[–] [email protected] 7 points 1 year ago

Definitely. The effects on your equity and net worth are nice to have obviously, but owning is nice for really tailoring your living space to your preferences.

This goes for outside too. Having a completely fenced in back yard for kids and dogs is so nice.