Aside from her probably having rich parents, that's just horrible advice for any average person. If you can get a mortgage and afford the maybe slightly higher payments at first, renting is just a horrible idea.
Renting: monthly payments only go up, deal with a shitty landlord, and in 30 years you'll still be paying rent.
Mortgaging: monthly payments can only go down (by refinancing when rates are lower, and never get a variable rate mortgage), no landlord, and in 30 years you'll own a home and have no more payments.
I’m just waiting for the news that she has a vested interest in rental properties at this point.
I’m 24 and on track to save $100,000 by next year—here are my money-saving tips
My dad even helped me start a vending machine business when I was nine
But my parents didn’t just hand me a full check for tuition
“I’m single, I don’t have kids and I travel a lot. It’s nice knowing that I have the flexibility to pick up and move if I want to.”
That's it, the entire logic. A privileged luxury spending shaped apparition is her favorite "financial decision". Also the rest of the article is BS, rent prices went up faster than home prices anywhere I've looked.
People without a brain be like this.
Does this mean rents are going to get cheaper?
No.
Oh.
Late stage capitalism is crossing its own limits day after day
Lol I saw this one in the wild.
Absolutely absurd.
I'll bet my left ass cheek this millionaire is paying over the market average for rent. I'll be generous in her "thriftyness" and call it 2k.
So 24,000 a year. Ober 7 years, 168k
Almost bought a place an hour out of Seattle, probably tacoma. Homegirl isnt living in dupont. According to this website.
https://fred.stlouisfed.org/series/ATNHPIUS45104Q
Avg home price in tacoma 2024: 450k 2017: 250k
Let's be super generous, say she dropped an extra 150k in maintenence/tax/costs etc Still up a cool 100k
They telling me her diversified investments of 250k made 268k in profit?
Yeah ok.
Don't you get it? Buying someone else's house for them while getting nothing but the ever-looming threat of eviction in return is totally preferable to owning the place when you can afford it.
Guys i think its time we all get together and make bankdrop to beat this capitalist hellscape. Selling our labor aint going to cut it.
