this post was submitted on 09 Sep 2023
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[–] BlameThePeacock@lemmy.ca -1 points 1 year ago (5 children)

You clearly don't understand how economics works.

I don't have shit right now except a massive debt.

[–] bravemonkey@lemmy.ca 1 points 1 year ago* (last edited 1 year ago) (3 children)

debt

And the house for you and your kids, right? How many renters can say the same?

[–] BlameThePeacock@lemmy.ca 0 points 1 year ago (2 children)

If they're renters... Then all of them

A roof is a roof.

Owning the house you live in isn't something magical. The only significant benefit is the investment right now. A lot of the other benefits disappear too if you crash the housing market hard enough.

[–] bravemonkey@lemmy.ca 1 points 1 year ago (1 children)

Renters will never own the property they're paying for, but you and your children will.

[–] BlameThePeacock@lemmy.ca 0 points 1 year ago

They still have a place to live. That's what makes them renters, otherwise we'd call them homeless.

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