Reply to 44, I don’t own a house but kids are in private and college is paid for…

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[quote=Anonymous]Adding this for broader context — especially for those weighing the long-term tradeoffs of renting vs. owning post-COVID.

There were definitely real financial advantages for homeowners during the pandemic:

🛑 Mortgage Forbearance Programs:
Federally backed loans allowed owners to pause payments for months without penalties, helping many stay afloat during unemployment or health crises.

📈 Equity Gains:
Home values rose sharply from 2020–2022, giving owners passive wealth gains while renters faced rising costs and no return.

💰 Refinancing at Record Lows:
Homeowners locked in sub-3% mortgage rates, lowering long-term costs. Renters had no comparable mechanism for savings.

🏡 Tax & Relief Program Access:
Owners who were self-employed could take advantage of expanded home office deductions and in some cases use home equity or property ownership to secure relief funds or PPP loans.

🔒 Stronger Protections Against Foreclosure:
Homeowners with federally backed loans generally had clearer and longer-lasting foreclosure protections than renters had against eviction.

That said, I was a renter during COVID.

I had just come out of a divorce, was diagnosed with a disability, and wrongfully terminated from my job. It was a perfect storm — and while I didn’t benefit from home equity or refinancing, COVID relief funds and eviction moratoriums gave me critical time and stability during that crisis.

So while the system absolutely favored homeowners in many structural ways, some renters — especially those of us navigating unexpected life events — were helped by the emergency government policies put in place. Life will always throw curveballs, and public policy does affect our pockets; how that will vary depends on the administration.[/quote]

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