Comments by "D. von N." (@D.von.N) on "Home Buyer Remorse is EXPLODING, House Poor in 2024..." video.

  1. Air con for 20 grand? Seriously? Our gas boiler broke and new one, with 10 year warranty costed us just about £2500. Four years later, still running strong. A display failed a year ago, got a replacement free of charge, proving we had it serviced every 12 months as required. Checking air con prices in the UK, depending on what it is, a simple unit in one room around 2k with labour cost. How many of them does an average house need?
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  2. I don't know the situation in the US, I live in the UK, but when 💩hit the fan and the Lettuce ruined the economy overnight, many renters wished they were paying their own mortgage. Renting became too expensive for many, them paying mortgages of other people, i.e. Landlords, who ramped up the rents more than the inflation. Some saw increase in rent by 20% in a very short time. Pay or leave. I think people should stop whining about how owning a home is expensive, if they can at least afford it, because if they were to pay someone else's mortgage, and having nothing to show for after 20 years, they would be very sorry about their future situation. At least we pay into our own asset, renters pay into asset of somebody else. If you need an economic mobility, renting makes sense. If you plan to settle in one place, buy a property. Unless the market is artificially inflated and prices will go down. And then up again... get the timing right, otherwise owning is always economically more viable long term than renting.
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