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Some 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 o
by toomanybeersies 9y ago
Some 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?