Black Mamba
Member
The whole "you don't need to buy a house" kinda breaks down in retirement.
Where are people who can't afford buying a house will find the income to pay rent when they don't work?
And that's before getting into the issue of what the fuck do you do when your landlord evict you when you're 85.
And just so we're clear, I think there are many problems with the current model of home ownership, but telling people 'just rent all your life' merely replace it with another set of problems, which I'm not even sure are smaller on a personal level.
The elderly just end up selling their house to pay $10k per month rent at a facility, though.
And it's not like you don't pay property taxes, insurance, maintenance, and (assuming it's a house) bigger utility costs. All depends on where and what home, but it's not like either option is cheap.
I always tell people, it's worth buying a home if you plan to stay there most of your life, not otherwise.