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If the rent gets too high, you can just move. If you lose your job, good luck dealing with that mortgage. The problem with buying a place is you get stuck in

• jdmichal 11y ago
  So your answer to rising rent is to constantly move to comparatively worse and worse locations? Because if rent's going up, it's going up everywhere. So to get a lower rent, you're talking about downgrading.
  • kazinator 11y ago
    Also, to add to your comment, I don't see how you're "stuck" with owning any more than renting. Moving is a hassle no matter what. But if you're moving out of a place which you own, you have flexibility about dates. You can set things up so that you have a comfortable week to move. With rentals, you typically have to hand over the old place on the same day you get the new place. All the renters play a a ridiculous round of "musical suites" at the end of the month. Only if you're lucky, the place you're moving to is already vacant, and the new landlord is kind enough to give you the key in advance, or the old landlord doesn't have anyone moving in right away and lets you have access to the old place for a couple of days.