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If you don't care about buying 'big ticket' items e.g. iPhones, MacBooks, VR, etc, - this is true. But these items don't change in price depending on where you
by huac 9y ago
If you don't care about buying 'big ticket' items e.g. iPhones, MacBooks, VR, etc, - this is true. But these items don't change in price depending on where you are, and are likely much harder to buy as a result.
- claudiulodro 9y agoWould you rather own a house and a Xiaomi phone or never be able to afford a house and own an iPhone? iPhones are cool, but houses are cooler.
- snewk 9y agoand houses in seattle are a lot 'cooler' than houses in bangalore
- phinnaeus 9y agoNot if they actually build houses with A/C in Bangalore. (mostly joking)
- livingparadox 9y agoDoes it matter if the house in seattle is cooler if you're never going to be able to buy it?
- toomanybeersies 9y agoSome of us have no desire to actually own a house, as far as a home goes. I'm no opposed to buying a house for investment, but have no real urge to live in my own house.
- chii 9y agounless the difference between your rent spend and a hypothetical mortgage is well invested, you're very likely worse off renting. after all, your rent is paying someone else's investment mortgage!
- AndrewUnmuted 9y agoRental life is a simpler life. It means someone else is responsible for fixing your sink when it leaks. The biggest financial risk renters take is not getting their deposit back due to necessary repairs when they vacate at the end of their lease terms. And, from an investment point of view, maintenance may not be worth it if you believe that housing prices are too high and that a correction will be coming in the short to medium term. Why spend your own money on repairs if your house's value is going to tank in a few years anyway?