hamei wrote:The important things, those they own forever and you just get to make payments. For your entire life.
The payment model works for many things, apparently.
This is a millenial's perspective. Also, keep in mind that I work for a company that is renting a building. If/when we buy a facility, my opinion about owning a house may change. But there is a chance we may move across town or across country, so...
I am glad to be paying rent instead of a mortgage considering how many things have gone wrong in my apartment over the past year. Everything that is hooked to the plumbing has leaked into the neighbors downstairs, both toilets, both showers, both sinks, the kitchen sink, the dishwasher... even some things that do not have running water (like the airconditioner, because of a dirty evaporator, apparently) have leaked and/or required servicing.
Now my roof is leaking and the ceiling in our spare closet is mouldering, and I know roofing is expensive. I don't know if I ever want to own a house
A modern refrigerator has a lifespan of about 4 years, I would rather the landlords have to pay for that crap.
Maybe things were different in the old days when you bought a fridge for $50 and it kept turning forever.
At least cars are a lot easier to work on nowadays. CAN bus and standardized PGNs have gone a long way towards that, and not only do manufacturers share more documentation with dealers than ever before, it has never been easier to become a "dealer". My FIL is working to restore a '92 sedan de ville and it is a nightmare of incompatible and ancient communication protocols. Now you can get pretty good can interfaces from peak, kvaser, etc, for a couple hundred dollars. Most work like any other TCP device on a computer. The cheaper ones work like a serial port.