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IMO, the biggest thing in being happy with renting vs buying isn't the monetary factor, but in how ready someone is with owning. Owning comes with a lot of adv
by thedz 11y ago
IMO, the biggest thing in being happy with renting vs buying isn't the monetary factor, but in how ready someone is with owning.
Owning comes with a lot of advantages: home renovations, settling in and making something your own, building property value over time, a stable monthly mortgage payment, that pride that comes from saying you own something.
But it has a lot of other factors to: being responsible for repairs, landscaping, property taxes, less flexibility if you need to relocate.
The "renting is throwing your money away" line is prevalent, but is also a gross simplification of the rent vs buy decision.
- cinquemb 11y agoSo if one doesn't care about home renovations, building property value over time, that pride that comes from saying you own (but mortgage == owning something fully in x0 years?) something, and wont mind moving if prices change, then it seems like one should stick to renting?