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EconomyApril 23, 2024
Leftist Publication Claims Owning A Home Is Not In Your "Best Interest," Wants You To Do This Instead
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“You will own nothing, and be happy.”
Not only is owning a home something most people want to accomplish in life, but it is also a common fear that the middle class will no longer be able to make that their reality.
There are many benefits as to why owning a home is overall a better thing for most people. However, the Toronto Star wants to convince the masses otherwise and has published an article that seems like it came straight out of the Great Reset playbook.
The outlet has published an article trying to convince you why it is better if you just rent a pod for the rest of your life.
You can consider working in places where you’ll be paid the highest for the kind of work you love doing. Homeowners are literally bound to their properties and thus their local work opportunities. If higher wages aren’t the key driver for moving, maybe a better lifestyle is. Moving closer to nature, or to a location that’s better for your mental health and maybe even your pocketbook, is always on the table for a renter. You can end your lease, pack up and plant roots elsewhere.
You know, people could always buy a home near nature or whenever they want. But I am pretty sure the stability of having a roof over your head is much better for one's mental health than being a renter.
Life can be less complicated. You won’t have to spend time, money and energy repairing a leaky roof, fixing a cabinet, worrying about nearby zoning changes or stressing about higher utility costs or mortgage payments. And just imagine all the extra time you’d have to invest in growing your income or playing with your kids, if you weren’t always DIY-ing another house project.
Landlords include the cost to upkeep things in the cost of rent. As far as worries go, "fixing a cabinet" is such a nonissue that it should be illegal to complain about something like that.
And by claiming that life will be less complicated if you don't have to worry "about nearby zoning changes," is she implying that the general public is overall too stupid to understand things like zoning laws? Because the only ones who are too dumb to keep up with city ordinances are also dumb enough to believe that renting is a better bang for your buck.
The writer also claimed that you might end up with more cash in your pocket and less debt if you rented.
But what she does not explain is that paying off a home loan is building up equity and one's net worth while paying monthly bills does none of that. Rent goes toward the equity of someone else's home and de facto helps pay off someone else's debt. Also, the debt is backed by the property, so if the buyer does not pay it then the bank sells the property but I digress.
Some people rent their whole lives and that makes them happy/ is overall a better thing for them. That is fine and not an issue. The issue is that the cost of ownership has risen so much that people no longer have that option. And rather than have you complain, the left has its PR team working to gaslight you into believing that owning a home is actually a bad thing.
The left hates private property because they are a bunch of Socialists who would love it if we had a society of renters. By 2030, it is estimated that the big banks will own at least 40 percent of all single-family rental properties (yes everything happens in 2030). And so the question everyone should be asking is: "But who will we be renting from?" Because if we own nothing, someone has to own something. So for the side that claims to hate the rich, they seem to be doing everything it can to make them richer. I wonder why that is.
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