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"Renting has its perks" Do you mean renting or rent-seeking? I fail to see how renting has perks.
by cam_l 10y ago
"Renting has its perks"
Do you mean renting or rent-seeking? I fail to see how renting has perks.
- deleted 10y ago[deleted]
- sjdhvsi 10y agoWell one big one is that you don't have to risk several orders of magnitude more money every time you move by buying property..?
- torgoguys 10y agoThere are lots of them. The biggies: Mobility (i.e., not being tied down to the property). Either a) not tying up a lot of money on housing (assuming outright purchase or large down payment) or b) cheaper monthly payment than a mortgage (small down payment). Outsourced maintenance (although there are good and bad landlords in this regard). If there weren't advantages, renting wouldn't be as common as it is.
- asksol 10y agoI agree it has some advantages, but citing commonality seems weird when it's increasingly unlikely for new to be homeowners to afford a home in cities like London, SF, etc. I doubt most people waste thousands of dollars each month for the ability to relocate quickly?