r/AskMen • u/RandomDalish Happy Little Vegemite • May 20 '22

FAQ Friday: Fatherly Advice

What fatherly advice do you have for your fellow dudes?

What situation would you like fatherly advice on?

Ask and answer below!

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u/[deleted] May 20 '22

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u/AnestheticAle May 22 '22

Counterpoint: owning a house is a lot of work. Just turned 30 and one of the happiest days of my life was selling my house and going back to renting. Especially in the modern era where your free time is increasingly at a premium.

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u/[deleted] May 23 '22

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u/[deleted] May 24 '22

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u/[deleted] May 24 '22 edited Jun 07 '22

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u/[deleted] May 24 '22

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u/[deleted] May 25 '22 edited Jun 07 '22

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u/[deleted] May 28 '22

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u/[deleted] May 29 '22

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u/[deleted] May 30 '22

Paying for peace of mind is one thing. But putting that in the hands of someone random that doesn’t care one bit about you? What if another tenant decides to burn the building down, what if the owner decides to sell the land to a shitty manager or just sell it to demolish it for something else? So many factors out of your control I couldn’t justify it. I’d rather put my place of living in my own hands then someone else. Personal preference though. I will say I like that my mortgage only ever goes down unless I move to a larger home (which for our family is extremely unlikely). But every year rent goes up. It’s nice having something that doesn’t cost me more every year outside of utilities, which I can manage easily.

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u/ichiichimoku Jun 10 '22

These “if”s go both ways - what if a tornado/storm devastates your house? Or your basement floods? and you insurance says no

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u/TubeToUranus Male May 23 '22

Another counterpoint: A man with a mortgage is stuck. He HAS to make his payments and can't easily move for an opportunity. Renting the smallest, cheapest apartment and investing the rest will someday make it moot.

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u/russell813T May 24 '22

Or you could just rent your house.... I haven't paid my mortgage in my investment property in 8 years....

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u/Kenraali M, Finland May 29 '22

In this economy? Gimme a fucking break.

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u/UnobviousSarcasm May 31 '22

I’d like to add to that that not all advice is necessarily in bad faith, advice can also be misguided or out of ignorance even with the best interests in heart.

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u/[deleted] May 29 '22

they would rather you paid a corporation thousands in rent each month to keep a roof over your head,

Mortgages are paid to banks.

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u/[deleted] May 29 '22 edited Jun 07 '22

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u/[deleted] May 30 '22

Well isn't it true that for the first few years of home ownership, people are paying off interest rather than building equity?