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I rent cause I move all over the place. I dont want to plant my roots because by year 4 Im sick of the place(city/state, not apartment or house) and want a new start somewhere else. Pointless for me to buy a house.
Renting is perfect for your situation. My concern is the huge number of people of all ages who have nothing set aside for retirement, either in a 401K/IRA or real estate. Lucky people live long enough to become old and retired, and they still need a place to live. Social security may feed them but that's about it. Unlucky people become sick or disabled and can't work, and they still need a place to live. They're all going to go on some sort of government assistance. And yet so many of these people are destitute but don't know it because they have a few shiny toys to distract them from reality.
[+]ninjai0 points0 points0 points
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[–]ninjai0 points
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Poor example. My phone was bought new in 2014. 550$. My 50" TV was also bought new in 2014, 460$. I'm not going broke over 1,010$
I believe it's more to do with vehicles. There's always so many newer vehicles on the road and vehicles aren't cheap. Pretty well everyone takes a loan out on them. My vehicle is worth about 10k and I don't need a new one. It's paid off, it owes me nothing. Still the maintenance can get expensive but I'm not shelling out 67k for a new one of the same model.
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[–] NeedMoarGuitars 3 points 6 points 9 points (+9|-3) ago
And virtually 100% of these renters have a new-model smart phone, big screen TV and cable, etc. Debt-ridden, toy-rich.
I'm not saying don't buy the toys but renting is a terrible long-term strategy. Save some and buy something solid.
[–] Slyboots 0 points 5 points 5 points (+5|-0) ago
I rent cause I move all over the place. I dont want to plant my roots because by year 4 Im sick of the place(city/state, not apartment or house) and want a new start somewhere else. Pointless for me to buy a house.
[–] NeedMoarGuitars ago
Renting is perfect for your situation. My concern is the huge number of people of all ages who have nothing set aside for retirement, either in a 401K/IRA or real estate. Lucky people live long enough to become old and retired, and they still need a place to live. Social security may feed them but that's about it. Unlucky people become sick or disabled and can't work, and they still need a place to live. They're all going to go on some sort of government assistance. And yet so many of these people are destitute but don't know it because they have a few shiny toys to distract them from reality.
[–] TheTrigger 1 point 0 points 1 point (+1|-1) ago
You get what you
paylive for?[–] ninjai ago (edited ago)
Poor example. My phone was bought new in 2014. 550$. My 50" TV was also bought new in 2014, 460$. I'm not going broke over 1,010$
I believe it's more to do with vehicles. There's always so many newer vehicles on the road and vehicles aren't cheap. Pretty well everyone takes a loan out on them. My vehicle is worth about 10k and I don't need a new one. It's paid off, it owes me nothing. Still the maintenance can get expensive but I'm not shelling out 67k for a new one of the same model.
[–] [deleted] ago (edited ago)
[–] destinthegreat 2 points 0 points 2 points (+2|-2) ago
source needed