this post was submitted on 31 Aug 2023
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Finance

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The Absolute Insanity of Not Buying a Home When You’re Young (www.riskology.co)
submitted 1 year ago* (last edited 1 year ago) by Recant@beehaw.org to c/finance@beehaw.org
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While buying a house is not a luxury everyone can afford, buying one instead of renting provides several key benefits that pay off in the long term.

What does everyone else think about buying when compared to renting?

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[–] NecroMemories@beehaw.org 2 points 1 year ago

Governments should set a standard house price for new buyers and cover the difference. Each generation pays the same relative amount as previous generations, and capital gains / land value tax claws back money from people that take the piss and over-value their houses to take advantage of this scheme.