5 ms·
I don’t agree in long term it’s better to rent. Your rent builds no equity with in long term isn’t a good financial decision. (In my opinion.)
by notyourwork 9y ago
I don’t agree in long term it’s better to rent. Your rent builds no equity with in long term isn’t a good financial decision. (In my opinion.)
- akgerber 9y agoThere are a lot of factors — that math only works out if you're not planning on moving much and owning is cheaper than renting, which it often isn't. Plus we're at a pretty high point in the real estate cycle right now. This is a classic: https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html https://www.nytimes.com/interactive/2014/upshot/buy-rent-cal...
- secabeen 9y agoIf you want to dig into more complicated situations, I really like this one: https://michaelbluejay.com/house/rentvsbuy.html https://michaelbluejay.com/house/rentvsbuy.html It's much harder to find on Google today than it was 8 years ago.
- s2g 9y agoThere is that whole thing about having a place to live since a downpayment is massive. I dunno, maybe homeless wouldn't be so bad.