pocketdare t1_j6ihsug wrote on January 30, 2023 at 4:02 PM

Reply to comment by [deleted] in “People Moving From NOVA to Richmond Are Ruining Our City” Reports Guy Who Moved Here in 2018 by ThatChildNextDoor

I'm assuming that you have more people in this sub in the "renting" stage of their lives than the investment / landlord stage of their lives. So naturally they'll be hostile to any argument like this because they don't anticipate what it will be like when they're actively looking for ways to grow their wealth for retirement. I'm with you 100% and many of them will be in 20 years ... but not today :)

ddm2k t1_j6k9ipd wrote on January 30, 2023 at 10:41 PM

Simply the case that in bigger cities with HCOL, adults in general tend to rent longer, because they HAVE to.

In small, (cheap) sleepy southern town about 10 years ago, where the 21 y/o cop and nurse were the “power couple”, two young adults could buy a house immediately after they got married with no down payment on a USDA loan, and seller paid closing costs.

No renting necessary.