Someone who pays rent doesn’t have the burden of a debt, but then again if they don’t pay EVERY MONTH -and quite high prices nowadays- they don’t have a roof over their heads; that is practically serfdom. In my case, my debt, which is almost paid off, leaves me with a possession, a value than I can pass on or monetize. Ergo my debt is momentary and yields value, renting yields nothing and is permanent.
If they [Someone who pays rent…] don’t pay EVERY MONTH […] they don’t have a roof over their heads;
People with mortgages also can’t stop paying without risk of foreclosure? Owners also can’t stop paying property taxes either.
Ergo my debt is momentary and yields value
Of course
renting yields nothing and is permanent.
I think differently but I don’t think it’s worth it getting into the weeds of it.
What I don’t understand why you think I’m missing any of this nuance. I found it amusing that you listed having a mortgage as a positive - or at least that’s what I understood of adding it to the list of things that contribute to having surplus cash. I still find this amusing, all nuances considered, because it’s debt. I was expecting some kind of leverage argument… looks like it’s as simple as I imagined initially.
I know that it’s a tad off-topic, but now I’m curious to know what nuance I’m missing
Someone who pays rent doesn’t have the burden of a debt, but then again if they don’t pay EVERY MONTH -and quite high prices nowadays- they don’t have a roof over their heads; that is practically serfdom. In my case, my debt, which is almost paid off, leaves me with a possession, a value than I can pass on or monetize. Ergo my debt is momentary and yields value, renting yields nothing and is permanent.
People with mortgages also can’t stop paying without risk of foreclosure? Owners also can’t stop paying property taxes either.
Of course
I think differently but I don’t think it’s worth it getting into the weeds of it.
What I don’t understand why you think I’m missing any of this nuance. I found it amusing that you listed having a mortgage as a positive - or at least that’s what I understood of adding it to the list of things that contribute to having surplus cash. I still find this amusing, all nuances considered, because it’s debt. I was expecting some kind of leverage argument… looks like it’s as simple as I imagined initially.
whatever floats your boat.