Late Stage Capitalism

Easy. Just buy a house cash and never pay rent or make mortgage payments. Simple.

This account is 100% rage bait. Look up the account. It's all posts like this, same formatting, tone, similar themes.

It's all bullshit, he contradicts himself constantly.

There's also a community note that the account is based in Africa.

Edit to address replies:

First of all, first months rent and security deposit shouldn't factor in. You get your security deposit back from your current place if you haven't trashed it, and you're already paying rent, so the new apartments rent isn't an additional cost. In fact, if you're moving somewhere cheaper, you'll save money that first month.

Yes, you might have to pay those way before you move in, and there might be a delay getting the old deposit back, so you need more money up front to cover it. But if you don't have two months' rent in savings, credit, investments, etc? You are absolutely living beyond your means. I know I'll get shit on for this, but that's really not a lot to save.

Application fees include credit checks everywhere I've ever lived. Here they are capped at like $25 I think? It sucks but it's not the end of the world. Never had to pay a deposit on utilities and my credit is shit.

Then there's the Application Fee Scam. They charge you a non-refundable $50 per person, sometimes more, just to apply. In my case, that's $150, which goes to the Property Manager. So the property manager is motivated to take as many applications, and turn them down, as possible. They can easily make far more in application fees than whatever fee they collect from actually renting out the place.

After spending hundreds, only to get turned down within minutes ("Here's $150...oh, it's a No?), I learned to only deal with the person who OWNS the property, no property managers, real estate companies, etc.

Reasons for being turned down? Usually none given. Once it was because of my "criminal record" - a speeding ticket two years before. Goodbye $150.

https://xcancel.com/jeremyct

https://x.com/jeremyct

It's a blue checkmark bot.

EDIT (because I couldn't help myself):

It's important to stay on good terms with friends and family so they will help you when shit like this arises. So you can move back in with mom and dad, or couch surf for a while.

Sadly, for too many people, there is no help, and they end up homeless.

Moving has always been a huge financial set back for me. It's why some degree of rent control is important as renters are in many ways trapped. It's also super depressing to move to lower rent housing. As you age there's a societal and self imposed expectation of financial progress, paying a bunch to move to lower rent housing is a double tap.

Poverty is a resource access problem.

In Spain you get a paid vacation day for moving. You just show your lease contract and you get the first day of the lease off.

But you usually have to pay first month up front and put in a security deposit. It used to also be that you had to pay a fee to the agency. The law now says that the landlord pays that fee but sometimes they will still say it o you. You can either pay or keep looking.

So worst case you need 3x the rent to move. Best case you just put in the security deposit which you get back at the end of the contract.