• Rodeo@lemmy.ca
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    1 year ago

    Yeah but now you have a concrete asset on which you’re gaining equity.

    Before you were getting nothing for all that money you spent on rent. Now you’re getting equity for it.

    • June@lemm.ee
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      1 year ago

      I know this will likely change as time goes on, but so far I’ve lost value and I’m under water by about 10% according to what I can suss out of the market value. And, my mortgage is 2.5x what I could be paying in rent most anywhere else in the region, which is its own stressor yannow. Everything is just a bit wonky right now.