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Love that article, This is one of my favorite dinner conversation and I'm always shocked to see how most people never question the whole "buying a house" social
by ironjunkie 9y ago
Love that article, This is one of my favorite dinner conversation and I'm always shocked to see how most people never question the whole "buying a house" social construct.
Once you do the math, you start to realize that most of it is a fallacy, and that in most cases you are way better off renting a place.
Something else that people forget is that they tend to buy a house way bigger than what they actually need. Typically a young couple would be ok living in a one bedroom, but usually would prefer to buy a house with 3 bedrooms.
This means that they are now paying a mortgage (and downpayment) for something way bigger than what they need and therefore losing an even bigger opportunity cost.
- justherefortart 9y agoShow your work.