• psycho_driver@lemmy.world
    9·
    1 year ago

    We bought our house seven years ago. If we were to sell it today we’d make almost as much in profit as what we paid for it.

    • asret@lemmy.zip
      3·
      1 year ago

      We bought our apartment 10 years ago, if we were to sell today we’d be lucky to get what we paid for it. That’s because we’ve just had a repair bill come in for about the same amount.

      Still prefer owning to renting though.

      • Hawke@lemmy.world
        2·
        1 year ago

        if we were to sell today we’d be lucky to get what we paid because we’ve just had a repair bill come in for about the same amount

        That’s significantly better than what you’d have got out of renting, i.e. nothing.

        So worst-case buying is far better than best-case renting.

    • UNWILLING_PARTICIPANT@sh.itjust.works
      3·
      1 year ago

      Very similar situation here. It was a huge stretch to get it, and I was skeptical, but my partner pushed hard for it and everything got better after we got a house.

      Nevermind that we put all of our consumer debt on the mortgage when we renewed, even our mortgage payments are by far lower than anything you can get in town.

      It’s crazy seeing materially, exactly how greedy landlords are when I friend of mine in a tiny two bedroom is paying almost double what I pay the bank for a whole ass house.