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Renting a home ages you faster.

L

Lug Nut

Sergeant of the Hide
Full Member
Minuteman
Mar 20, 2020
392
1,046
But not for subsidized people.



“While renting was found to accelerate aging over those who own their homes, there was one exception: Subsidized housing. Those who have their rent subsidized by the government did not experience the acceleration of biological aging like those who privately rent.”

Renting A Home Ages You Faster Than Smoking Or Unemployment, Study Says (msn.com)

There you have it. MSN says so.
 
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I'm trying to understand that. Renting has its shitty parts, but home ownership is always something. Leaking pipes, AC goes out, new roofs, painting, mowing, broken mowers, snow removal, broken frig, etc, etc.

I have done both. I prefer and enjoy owning a home for freedom. Renting though, is stress free. I never lost an eye of sleep when bad weather rolled in, or the AC going out on 104 degree day.

Setting the whole financial aspect of renting vs home ownership aside. If you rented a home, that has got to be the best of both worlds. No stress of things going bad, and still have freedom to do the things you want. Maybe somehow the thought of throwing money away on renting eats at the soul? The longest I ever rented was a year, so maybe I'm missing something????
 
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Home/land ownership is a key to building generational wealth; has several perks over renting but as mentioned above - holy fuck is it work- mowing , landscaping, roofs to fix -sink hole in driveway, a poorly maintained ditch system on the court road that turns your front yard into a duck pound , 9000 hours of mowing in 12 years .
Tree trunk g ; weed trimming- snow removal. If we paid to have all this done we’d both need second jobs .
 
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For renting, I know for me the stress of it was being keenly aware you're always in someone else's space. It was never mine, never would be, and I was very limited in what I could do to make things more to my liking. And anything that I did want to do, needed approval and was a constant back and forth, so I ended up doing nothing and waiting it out.

Plus coming home after a long day at work, only to find my landlord there trimming the bushes or otherwise milling about was straight up infuriating and sent my blood pressure to the moon.

I recently bought my own place, and like most things, wish I'd have done it sooner. Especially since I've had the means for it. But, learn as you go I guess.
 
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The home is a middle class family's biggest asset. As you reach end of life it's going to either fund your retirement or help the next generation get a leg up. Renters know that they are missing out on all this and feel the stress because they know their rent payment is just making their landlord richer.
 
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The current crop of kids are complaining they can't afford houses.
My first house was more than 10x the cost of my parents house.

What they refuse to acknowledge is they want everything now, without working for it.

They drive expensive cars. They go on expensive vacations. They eat out or order in constantly. And a shit ton of them have thousands of dollars worth of shitty tattoos all over their bodies. It's rare they aren't in high dollar debt, and even rarer they have money in savings.


If they are looking for sympathy, they can find it in the dictionary between shit and syphilis.

They probably don't know how to look it up...
 
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I rented a house once when I was 18, bought a brand new mobile home, rented a lot for about 2 years before buying my 1st house and land. Rented retail space for a few years, bought a 10K²' building at 35. Gave it all away to ex-wife. Bought my current land (6 acres) in '15 paid it off in 18 months. Never understood why anyone would not want to own. Like who leases a personal car??
 
renters have no control over future costs. harder to make a financial plan. rent $,taxes (which pass to renter),insurance (same). adjustable mortgages are the kiss of death for any future plan. been said but if you haven't bought a home by about 2016 or so,you aren't ever going to. killing the future generations. you will own nothing but i don't think be happy.
 
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Mike Casselton said:
The current crop of kids are complaining they can't afford houses.
My first house was more than 10x the cost of my parents house.

What they refuse to acknowledge is they want everything now, without working for it.

They drive expensive cars. They go on expensive vacations. They eat out or order in constantly. And a shit ton of them have thousands of dollars worth of shitty tattoos all over their bodies. It's rare they aren't in high dollar debt, and even rarer they have money in savings.


If they are looking for sympathy, they can find it in the dictionary between shit and syphilis.

They probably don't know how to look it up...
Click to expand...
giphy.gif


I ate beans and drove old cars i worked on myself for decades, spent years not taking vacations, ate shit sandwiches at work and gave my compliments to the chef, to get where I am.
 
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I can believe it in Socal. 2 bedroom shitholes rent for 3k and it is climbing.
 
buffalowinter said:
If you think renting is bad don't ever become a landlord. It only takes one bad tenant to destroy everything you worked for.
Click to expand...
This, ^^^^^ and if you not very careful, how you rectify it, You'll be in jail.
Long story but nothing was anywhere close to reaching a conclusion, after 9 months. The law, 2 different lawyers, ect. So went a different route and they were out in less than 3 days. At some point when the law is fucking you an protecting trash, you say fuck the law, this shit ends now. Even their neighbors said thanks for getting them out.
The,... LAW,... is what prolonged, and protected them, until I kicked it to the curb. Who in the long run profited from it, guess? If you guessed Lawyers, you're correct.
 
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Gunfighter14e2 said:
This, ^^^^^ and if you not very careful, how you rectify it, You'll be in jail.
Long story but nothing was anywhere close to reaching a conclusion, after 9 months. The law, 2 different lawyers, ect. So went a different route and they were out in less than 3 days. At some point when the law is fucking you an protecting trash, you say fuck the law, this shit ends now. Even their neighbors said thanks for getting them out.
The,... LAW,... is what prolonged, and protected them, until I kicked it to the curb. Who in the long run profited from it, guess? If you guessed Lawyers, you're correct.
Click to expand...

There is a video on YouTube about divorce. A couple went to a lawyer and said we want a divorce, divide everything 50/50, no kids. Lawyer says, can’t do it, one of you will have to hire another attorney. Two years and 30k later they were divorced.

I did my own. Got a copy of an approved dissolution and basically changed the names. The clerks at the courthouse were as helpful as a case of herpes, but I was divorced in six months at a cost of less than 500 bucks.
 
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Gunfighter14e2 said:
This, ^^^^^ and if you not very careful, how you rectify it, You'll be in jail.
Long story but nothing was anywhere close to reaching a conclusion, after 9 months. The law, 2 different lawyers, ect. So went a different route and they were out in less than 3 days. At some point when the law is fucking you an protecting trash, you say fuck the law, this shit ends now. Even their neighbors said thanks for getting them out.
The,... LAW,... is what prolonged, and protected them, until I kicked it to the curb. Who in the long run profited from it, guess? If you guessed Lawyers, you're correct.
Click to expand...
This is why I have kept my rents below market rates for over a decade. I have really, really, really good long term tenants and want them to stay in my houses!

I let them paint the interior if they want. I’ve made upgrades for them over the years with updated appliances (benefits me anyways so why not), and other things.

They’ve paid the houses off for me plus some over the years, and I got the increase in equity too. Damn, I’m going to miss them when their kids graduate high school and they finally move on!
 
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BAMAboy18 said:
I rented a house once when I was 18, bought a brand new mobile home, rented a lot for about 2 years before buying my 1st house and land. Rented 7retail space for a few years, bought a 10K²' building at 35. Gave it all away to ex-wife. Bought my current land (6 acres) in '15 paid it off in 18 months. Never understood why anyone would not want to own. Like who leases a personal car??
Click to expand...
None of us own shit. We are all just leasing things until we die.
 
I didn't buy my house until I was 28. I cleaned up my finances after my divorce. Watched my money. And made a sensible decision.

I could have bought a nicer newer house for 2-3 times what I paid for mine... But I bought this one. It needed some work. And the work is ongoing. But I paid the note off in a little over half the time on the note.

Sure, part of my circumstance was luck. But it sure seems like luck finds people who make good decisions in the first place.

Mike
 
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OkieMike said:
I didn't buy my house until I was 28. I cleaned up my finances after my divorce. Watched my money. And made a sensible decision.

I could have bought a nicer newer house for 2-3 times what I paid for mine... But I bought this one. It needed some work. And the work is ongoing. But I paid the note off in a little over half the time on the note.

Sure, part of my circumstance was luck. But it sure seems like luck finds people who make good decisions in the first place.

Mike
Click to expand...
Damn straight it wasn't luck, the credit goes to you, hard charger
 
There are plenty of people doing stupid shit with their money but in 1990 the median home price was 124K and real median family income was 62K. The most current numbers are 418K for median home price and 75K (2022 numbers) for real median family income.

Homes used to cost 2 times earnings and they now cost 5.6 times earnings. The elites and the government debasing the currency has totally fucked the middle class and put us on the road to ruin.
 
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Franko said:
There are plenty of people doing stupid shit with their money but in 1990 the median home price was 124K and real median family income was 62K. The most current numbers are 418K for median home price and 75K (2022 numbers) for real median family income.

Homes used to cost 2 times earnings and they now cost 5.6 times earnings. The elites and the government debasing the currency has totally fucked the middle class and put us on the road to ruin.
Click to expand...


Wait!!
I thought all the blame was on the boomers?

All I keep hearing is they need to die off so Genlenniels and alpha zebras can buy their homes. They say there's not enough housing available and we should either die or move into an assisted living facility.
 
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BTW, there are plenty of homes available for well under $300,000, even in Florida.


The young ones don't want to live in a 1000sf starter home like we did. They want 3500sf with 4 bedrooms, 3 baths, vaulted ceilings, a 3-car garage and a pool.
And lawn service, and pool service, and grocery delivery, and takeout food, and two new cars, and on and on...
 
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Mike Casselton said:
Wait!!
I thought all the blame was on the boomers?

All I keep hearing is they need to die off so Genlenniels and alpha zebras can buy their homes. They say there's not enough housing available and we should either die or move into an assisted living facility.
Click to expand...
The generational wars are just distractions, it isn't boomers that are fucking the young, it's rich people and their minions in government fucking everybody and then letting boomers (or any other convenient scapegoat) take the blame.
 
Bullfrog08 said:
I'm trying to understand that. Renting has its shitty parts, but home ownership is always something. Leaking pipes, AC goes out, new roofs, painting, mowing, broken mowers, snow removal, broken frig, etc, etc.

I have done both. I prefer and enjoy owning a home for freedom. Renting though, is stress free. I never lost an eye of sleep when bad weather rolled in, or the AC going out on 104 degree day.

Setting the whole financial aspect of renting vs home ownership aside. If you rented a home, that has got to be the best of both worlds. No stress of things going bad, and still have freedom to do the things you want. Maybe somehow the thought of throwing money away on renting eats at the soul? The longest I ever rented was a year, so maybe I'm missing something????
Click to expand...
rented apartment do leak and need repairs too.
 
Mike Casselton said:
Wait!!
I thought all the blame was on the boomers?

All I keep hearing is they need to die off so Genlenniels and alpha zebras can buy their homes. They say there's not enough housing available and we should either die or move into an assisted living facility.
Click to expand...
Boomers, millennials, gen X, Y, Z and any other generation I missed after the greatest generation all suck.

At the end of the day, boomers consumed more than they produced. That's a fact. Period. End of story. There's nothing to argue or debate about here. The boomers squandered their inheritance at the expense of future generations and their children and grandchildren are doing the same. My generation included.

We all suck. Arguing about what generation sucks more is pathetic.

Produce more than you consume, give a little back and raise your kids to do the same. That's progress. It's not fucking rocket science.
 
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