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I feel like there should be a difference between "rent" and "mortgage rent" (programming.dev)

submitted 6 months ago by danhab99@programming.dev to c/chat@beehaw.org

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Since the housing market looks like a crowd of people just signing mortgages as fast as possible just to then turn around and charge that mortgage plus a little bit.

I shouldn't pay someone's mortgage like seriously this is just adding an unnecessary problem to the real problem of "living somewhere"

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[–] danhab99@programming.dev 8 points 6 months ago (1 children)

So (feelings opinions)

It sounds like owners are taking on a whole lot of risk just so the banks don't. If that's the case then is the equity actually good enough to merit me being the banks money armor?

And 80% agree with the equity argument, I just can't help not have hope for the future and am literally asking who is gonna buy my house in 40 years? Less kids are being born, this country is falling into Republican hands so can't rely on selling my house to immigrants now can I?

I feel like Americans have known why we're here for so long and now this generation doesn't. I can't tell if it's for a reason someone is keeping secret or if the answer doesn't exist bc we're not supposed to be here anymore.

[–] blindsight@beehaw.org 4 points 6 months ago* (last edited 6 months ago) (1 children)

who is gonna buy my house in 40 years?

A sad but serious answer is that your house will either be worth less or worthless because of climate change (looking at you, Florida, but also wildfires/water scarcity) or extra valuable for those seeking climate refuge.

Completely seriously, it was a major consideration when my wife and I decided to move to where we are now, to one of the safest areas of our country for climate change risks.

[–] loops@beehaw.org 2 points 6 months ago

Same, though living on the coast I want to get a place that will likely not be underwater in the next decade or so.

https://www.floodmap.net/