iiinova — where your digital self keeps evolving

Replies

JudithFlanders @judithflanders.co.uk · 09/11/2025

I’m no statistician, but if you buy your first house in your 30s on a 50-year mortgage, and life expectancy is low 80s, isn’t this just called — rent?

Kai Ryssdal@kairyssdal.bsky.social

Do the math. It don’t add up

2640975

Mity Cheese @mitycheese.bsky.social · 09/11/2025

Yes, but you're renting from your own grandkids, who will inherit the house.

010

pattygann.bsky.social @pattygann.bsky.social · 09/11/2025

No because you’re building equity, you can always pay more on the principal every month, and your mortgage payment is stable, unlike paying rent where you have no ownership no matter how many years you live in one place.

280

Mark Something @ohdarkthirty.bsky.social · 09/11/2025

What could be better than renting AND paying property taxes?

000

Knownames🇨🇦 @knownames.bsky.social · 09/11/2025

I find it crazy there are so many people that have no idea what equity is. Have you ever tried putting a house you rent in your will to your children? Have you ever sold a rented house for a profit? The ignorance on this feed is staggering.

020

-indy ✨ (he/him) @indigo-k.com · 09/11/2025

Yeah, I can't see how any bank would offer a 50-year mortgage to someone who's in the 40s or 50s.

000

Medinabot @medinabot.bsky.social · 09/11/2025

Yes!

000

erikalynne @erikalynne.bsky.social · 09/11/2025

With interest. Rent with interest.

430

Virginia Green @ginnyg74.bsky.social · 09/11/2025

Pretty sure this is a trump scam

010

Chris Gooch @chrisdg.bsky.social · 09/11/2025

Yup

000

Chs Yank @chsyank.bsky.social · 09/11/2025

I have to say it would allow more people to buy. Buying means that you can do whatever with the house, unlike Trump who only rents the house. Selling the house, hopefully at a profit and then buy again is OK. You will never earn a profit renting!

120

Mike Wilson anonymous low-level loser @mkwilson27.bsky.social · 09/11/2025

No, because you build equity and your payments decrease over time — in real terms.

000

bob @huntthesnark.bsky.social · 09/11/2025

Not exactly. Some portion of your payment goes into equity, and if the market price of your home appreciates, then as the equity holder, you receive the benefit of that as well. Sure, you're making a monthly payment basically for the rest of your life, but at the end you have accumulated a lot.

010

DCM Tennis @dcmtennis.bsky.social · 09/11/2025

Rent but with 50 years of interest and 50 years of maintenance costs.

110

strange american @jamesjamerson1.bsky.social · 09/11/2025

But your ren— I mean, uh, mortgage - is way lower now! You will just never ever pay it off but don’t worry about that

000

Kerri @hughdidthisagain.bsky.social · 09/11/2025

And then you reverse mortgage it back to the bank and they own it again.

000

The TERROR @jackshawhan.bsky.social · 09/11/2025

A shittier rent where you have no expectation that parts of repair and inspection and insurance will be taken care of by a landlord, or ability to leave because of this. More like a satanic pact with the worlds worst slumlord.

000

Philip Aubin 🇨🇦 - Slava 🇺🇦 @philipaubin.bsky.social · 12/11/2025

bsky.app/profile/phil...

Philip Aubin 🇨🇦 - Slava 🇺🇦@philipaubin.bsky.social

Doesn't it bother Americans that Canadians have a #lifeexpectancy that is 5 years longer? Of course to live longer they'd have to adopt some democratic socialist policies.

000

Jane Thurber @thurberteam.bsky.social · 09/11/2025

Maybe, but just as some people take out a car loan pr lease to spread out/ manage costs, it could work if you can get better/ different housing for similar costs. Lack of rental housing in an area near your work or a child's school.

000

Treyf Posting 🤌 @postingtreyf.bsky.social · 09/11/2025

The average age of a first time home buyer is now 40.

000

miasorada.bsky.social @miasorada.bsky.social · 09/11/2025

No, the owner is still building equity albeit slower than with a 30-yr mortgage. What a 50-yr fixed rate mortgage does is offer a different financial product for derivatives market to bundle and trade on. The 50-yr product seems like it would be more stable than 30-yr but introduces other

120

Oh-Phuck @zerophcksgiven.bsky.social · 09/11/2025

it's not for you. its for the investor class that now can't pay mortgage because renters can't afford. SO they now get relief by lowering mortgage monthly thus lowering rent and Minimum Wage stays the same.

000

DrGeophysics (my personal opinions only) @drgeophysics.bsky.social · 09/11/2025

I believe it is called servitude. Winner takes all.

0100

Alice the Rat @alicetherat.bsky.social · 09/11/2025

000

Rob G. @andlackthereof.bsky.social · 09/11/2025

The latest stat has first-time home buyers is now 40.

030

J.sweetandspicy @wasimmigrant1905.bsky.social · 09/11/2025

Not if you consider inherited wealth. Also, I’d rather have the bank as my landlord than the shitty ass landlords I’ve had. Other than that, point well taken.

050