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by flmontpetit 406 days ago
It's crazy how we've abstracted financial serfdom out of the status of being a property owner. Contrasted with renting it surely seems like independence, but whether the bank squeezes extra value out of you directly or through the proxy of a landlord, the end result is similar.
1 comments

>Contrasted with renting it surely seems like independence, but whether the bank squeezes extra value out of you directly or through the proxy of a landlord, the end result is similar.

The difference is public policy. Owning property in the US absolutely elevates you to a higher privileged status above renters. How many homeowners were being evicted from their homes after missing a couple mortgage payments during the pandemic? Precisely zero. While thousands of renters in red states had the sheriff at their throats within 60 days. That's all you need to know about class in this country.

Fair, and owning certainly puts you in charge of your own quality of life. My dishwasher has been broken for three months and I'm still having to fight to get it fixed. When I own my own place starting from next July I'm just going to fix things like this on my own time and dime.
People with equity in a home aren't the same as delinquent renters?

different circumstances are treated differently?

>different circumstances are treated differently?

Yes, exactly. My entire point is that owning a home is nothing like renting, even if you're spending the same amount, and is treated as a privileged status.