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Now you get the privilege of paying a mortgage to live in a Hooverville.


I think for many the only alternative is renting. Having your rent go towards ownership is preferable in many cases.


>I think for many the only alternative is renting.

Indeed it is, and that's kinda my point. These were the $8,000 starter homes our working class grandparents bought on a single salary from Sears in their 20s. Now they are a stretch goal for middle aged dual income families.


And all of them would be illegal to build today. Safety first!


That's just one of many preferred outcomes - not the top one

1. Buy cheap sfh

2. Buy cheap condo

3. Rent cheap sfh

4. Rent cheap condo

...

20. Buy expensive micro-house

Edit:formatting


Speak for yourself. For me, buying is better than any rental options and a freestanding building is better than anything attached or in an HOA.


Really ? You would buy vs rent under any circumstance ?


Of course not. There are plenty of circumstances that would change the order. But that'd be my 'all things being equal' ranking. I had hoped it was implied that I'd prefer to rent a non-haunted condo over owning a haunted mansion.


Owning a home sucks, but it's still better than renting one.




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