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While I agree with you financially, when you have kids, buying property is a safer vehicle to leave something behind for them. Sure, if the rent is low enough a
by bikamonki 10y ago
While I agree with you financially, when you have kids, buying property is a safer vehicle to leave something behind for them. Sure, if the rent is low enough and you invest the difference of what you'd be paying for a mortgage, you may grow a much bigger capital in 25-35 years. However, most people are risk averse or simply do no understand how investing works, hence: they buy real estate.