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I have friends/acquitances that bought in the last 2 years because “renting is throwing away money.”

They bought with the intention of refinancing within a few years. lol.

They’re now starting to have to make fixes to the house (hvac, plumbing, etc).

They didn’t account for a 30% inflation rise is those costs too.

Renting is not throwing away money. Housing is a consumption item. nostr:note19rsxjnjgf0yz7p6etyyphavpy6pr0pcar7kz7u4unl49705n968q9fwjsw

Plus they are paying mostly interest on their mortgages which is just rent to the bankers lol

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Just like the gov lol but unlike the state, they can’t print themselves out if it