Is it better to rent a cheap/shitty place, or rent something suitable that you struggle to afford?

whoreticulture@lemmy.world to No Stupid Questions@lemmy.world – 60 points –

I am trying to make a decision. curious about your thoughts on my personal situation, and what you think in general. or your own stories if you have anything relevant...

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If you’re able to pay for rent, you’re able to afford paying back a loan.

May not be true depending on where OP lives. There are a lot of rent vs buy calculators out there, and home prices are so expensive in some areas that it's actually better financially to rent instead of own, and to invest the difference in payments. For example that's the case where I live in San Francisco - investing the difference between rent payments and mortgage payments nets me more in the long run, even considering housing value appreciation.

Edit: this of course doesn't apply to investment properties, where you get the value of the asset + appreciation, but also get rental payments.

yup SF bay area. buying a house is only a good idea if your parents are funding the down payment.

List of things you can do if houses are too expensive where you live:

  1. move.
  1. rent, invest the difference, enjoy $$$
  1. reach retirement age, still piss away half your income in rent, never improve your life.

Improve your life by moving to a shithole rural area where houses are cheap?

Better than living in a shithole urban area where the cheapest rent is 2/3rds of your income.

Oh no, such a shithole, no one likes it here that's why prices are through the damn roof lol

Cities are expensive because the country sucks balls so anyone with two braincells to rub together moves to the city.

Cities are expensive because idiots would rather dump 2/3rd of their income on rent just to hear the neighbors screaming all day and night through the paper thin walls of their apartment.

Stay miserable.

Sounds like you're the miserable one lol

Have fun driving to the nearest restaurant, which is an Applebee's

I love the implication that there's no junk food restaurants in cities lmao.

I can bike to the nearest restaurant. It's a small Indian mom and pop owned place that sells better food for cheaper price than anything in your city.

Keep begging for your walkable cities, I'm sure one day you'll be able to cross a road without fearing for your life.