LG to offer subscriptions for already purchased appliances and televisions, evolving into a provider for “Home as a Service”::Subscription fatigue is a thing and regulators are circling, but Korean giant reckons you’re ready to cough up after buying hardware

  • Meow.tar.gz@lemmy.goblackcat.com
    link
    fedilink
    English
    arrow-up
    11
    arrow-down
    8
    ·
    1 year ago

    Well, point of fact, if you have a mortgage, your landlord becomes the bank anyway. You only get to own it after 30 years, and that is, if you haven’t needed to take out a home equity loan or other line of credit against your home to make necessary repairs.

    • Etienne_Dahu@jlai.lu
      link
      fedilink
      English
      arrow-up
      5
      ·
      1 year ago

      Well yes and no, in the sense that a landlord can evict you for reasons other than failure to pay rent (YMMV depending on your country) and in some places where housing is hard to come by, a financed house ensures that you won’t be evicted because the landlord wants to make yet another Airbnb out of your apartment.

      • FurtiveFugitive@lemm.ee
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 year ago

        Even if you have a mortgage, better hope you don’t have an HOA that can put a lien on your house for not paying the monthly fees

        • Etienne_Dahu@jlai.lu
          link
          fedilink
          English
          arrow-up
          1
          ·
          1 year ago

          It’s true, if you buy a place with an HOA in the US (not living there so the thought didn’t even reach my mind) you have to check their rules as part of your due diligence. I know it’s tempting because the place looks oh so good/the price is low/there are 20 other people waiting but you can dodge some serious bullets of you don’t overlook it.

          In my neck of the woods you have to be careful about upcoming renovations that were voted by the “HOA” before you buy but have yet to be funded by the homeowners. You can be forced to chip in to pay for a big reno (exterior walls, HVAC…) even though you didn’t vote for it. But I guess it can also happen in the States.

    • oatscoop@midwest.social
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

      You’re paying a mortgage regardless. If you “own” you can sell the house and get a huge chunk of your money back.

      The only caveats to owning is if your not planning on living there long term or you overpay when you purchase it.