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I recently did the math on this myself, I just sold my Condo and right now I am renting while looking for a house. I have all cash so I can ignore interest rate

I recently did the math on this myself, I just sold my Condo and right now I am renting while looking for a house. I have all cash so I can ignore interest rates which makes it easier, I also have a pretty good wealth manager so I have a pretty good idea of what my return will be if I invest the money in stocks and bonds and rent rather than buying a house. For me, renting comes out ahead strictly looking at the dollars over time, by a pretty good margin. But, guess what, I am buying a house anyway for one very simple reason. I want to own my house and be able to do whatever I want. I am getting a place with a big basement and it will be my dream lab, with all my computers, 3D printer, test equipment, soldering station and so on. I could never set something like that up in an apartment. To me that is more important than the money.

pwinnski 9y ago
In Dallas, renting is generally more expensive than buying, and yet I'm still happily renting. In fact, I'm moving next month from my current 3-bedroom 1500 sq ft apartment to a (slightly-nicer) 2-bedroom 850 sq ft apartment, and cutting my monthly payment by more than a third. I previously rented a 3-bedroom 1500 sq ft house that was slightly more than the big apartment, and before that I owned an even bigger house for 13 years. I know the numbers make it a good idea for me to buy, but I'm renting an apartment anyway, and enjoying the flexibility. If I still owned a 1500 sq ft house with three bedrooms for my kids, I'd be "stuck" with that house and the associated costs now that they've grown up and moved out. Instead I get to downsize as easily as signing a different lease, and I still have no maintenance responsibilities. To me, that is more important than the money!
- zw123456 9y ago
  Ya, sometimes there is more things to consider than just the money, depending on your priorities.
beagle3 9y ago
Your wealth manager might be good, but you have no idea what your return will be from stocks or bonds. The only more-or-less guarantee you can have is about half of the official rate of inflation, and you don’t get there with stocks and very rarely with bonds.
- deleted 9y ago
  [deleted]

pwinnski 9y ago

In Dallas, renting is generally more expensive than buying, and yet I'm still happily renting. In fact, I'm moving next month from my current 3-bedroom 1500 sq ft apartment to a (slightly-nicer) 2-bedroom 850 sq ft apartment, and cutting my monthly payment by more than a third. I previously rented a 3-bedroom 1500 sq ft house that was slightly more than the big apartment, and before that I owned an even bigger house for 13 years. I know the numbers make it a good idea for me to buy, but I'm renting an apartment anyway, and enjoying the flexibility. If I still owned a 1500 sq ft house with three bedrooms for my kids, I'd be "stuck" with that house and the associated costs now that they've grown up and moved out. Instead I get to downsize as easily as signing a different lease, and I still have no maintenance responsibilities. To me, that is more important than the money!

zw123456 9y ago
Ya, sometimes there is more things to consider than just the money, depending on your priorities.

beagle3 9y ago

Your wealth manager might be good, but you have no idea what your return will be from stocks or bonds. The only more-or-less guarantee you can have is about half of the official rate of inflation, and you don’t get there with stocks and very rarely with bonds.

deleted 9y ago
[deleted]