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Your 300% return sadly doesn’t include the cost of renting. If buying SPX would give me free housing I would be the first buyer, believe me. But unless you are
by tigershark 9y ago
Your 300% return sadly doesn’t include the cost of renting.
If buying SPX would give me free housing I would be the first buyer, believe me.
But unless you are born very, very, privileged you need to buy an house or to pay a rental, unless you want to live with your parents, and your wife is happy to do so.
For me, as I repeat, it was a no-brainer.
If you want to live for the foreseeable future with your parents then obviously better to put money on some index rather than buying an house.
If you have a family I’m really not sure that it would be better even in Phoenix or in Castrovillari or wherever in the world you want.
- kspaans 9y agoThe article does make the unstated assumption that you're able to 1) rent for cheaper than the cost of a mortgage + extras, and more importantly 2) invest the difference. If your individual circumstances don't allow that and you're able to afford the necessary downpayment, the calculation is pretty easy to make, yes.