I haven't done it yet but every aspect of buying a house seems terrible
Tired Peasant ☭🇵🇸 @LizzieCosmos
16 Jun 2022
What’s a scam that’s become so normalized that we don’t realize it’s a scam anymore?
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It's amazing so many people are hooked on homeownership when it's basically the farthest thing from a frictionless market interaction you can get
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I suppose even the prospect of the property being stable in value (to say nothing of accruing value) saves you so much money vs. renting that the grief of acquiring the property works out in your favor
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Replying to @JakeAnbinder
Has housing really done better than alternative places to put money (like, say, google.com/finance/quote/VTI… )? (We recently bought a house for the first time, and it wasn't fun. But we've definitely also had issues with renting.)

Jun 17, 2022 · 7:16 PM UTC

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Replying to @davidbaron @JakeAnbinder
If you could get government-guaranteed margin loans to buy VTI where you also deducted the interest on your taxes, it would definitely make VTI more competitive.
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Replying to @davidbaron @JakeAnbinder
I think this is part of the rub: across the country, the return on housing is poor. It depends on how long you plan to hold, how much extra you're spending versus rent, etc. A big attraction is housing is leveraged appreciation but people quickly forget that backfired in '08.
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