Debt is the way The Matrix harvests the life energy of young people. First with education debt and then with mortgage debt.
Assuming you get married and buy a house at 30, with a 30 year mortgage, by the time you have paid it off you are 60 years old.
That means The Matrix has harvested the best years of your life.
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USSDefiantJazz on scored.co
1 year ago5 points(+0/-0/+5Score on mirror)2 children
If you do the math generally, rent is cheaper than the total cost of ownership of "owning" a house. Especially in high cost of living areas like Jew York, Toronto, London, all the so-called Alpha Cities.
Taxes can also be minimized if you are financially astute and invest properly.
So what you can do is rent and invest the difference. Less than 10 years ago I had a substantial 6-figure downpayment for a house. Instead of buying a house, I rented and invested the difference. Now I can buy a fully detached house in Toronto proper outright and still have 7-figures left over. Stretch that out to 30 years and I will be a decamillionaire.
That's how you pull the uno reverse move on The Matrix, instead of it sucking the life energy from you, you suck the life energy from it.
1 year ago5 points(+0/-0/+5Score on mirror)3 children
After 30 years of paying a mortgage (if you make the minimum payment), you own the property. After 30 years of paying rent, you own nothing. Power is in ownership, not renting. Why do you think Blackrock bought all those single family homes? Why do you think a sane country makes it harder for aliens to own property as opposed to renting?
Your point was that owning is inferior to renting, which is pants-on-head stupid. Your assertion that we are enslaved because we live in a society that levies taxes is also stupid.
Taxes can also be minimized if you are financially astute and invest properly.
So what you can do is rent and invest the difference. Less than 10 years ago I had a substantial 6-figure downpayment for a house. Instead of buying a house, I rented and invested the difference. Now I can buy a fully detached house in Toronto proper outright and still have 7-figures left over. Stretch that out to 30 years and I will be a decamillionaire.
That's how you pull the uno reverse move on The Matrix, instead of it sucking the life energy from you, you suck the life energy from it.
You own the investment that you get with your money instead of using it for a down payment for a house.
That’s literally what /u/USSDefiantJazz said, read what people say before responding to them with questions they’ve already answered.