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I've been debating whether to buy for about a year now, and you make an excellent point. For me, it boils down to the choice between a sense of freedom and a se
by sage_joch 17y ago
I've been debating whether to buy for about a year now, and you make an excellent point. For me, it boils down to the choice between a sense of freedom and a sense of home.
- prawn 17y ago(Speaking from the Australian market, so there might be a few things that make the situation different for you.) If you want to make major improvements or tweak your home, then home ownership beats renting. If you don't plan to live somewhere for more than five years (and transactional costs in buying and selling are harsh, as in South Australia), then renting could be your best option. If you lack financial discipline, then buying can beat a combination of renting and investing in shares. Of course, you can always buy one place, rent it out and then rent another place yourself.