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After investing in equities for 30 years with the savings from renting vs. buying, you will also be sitting on a huge chunk of value.
by closeparen 8y ago
After investing in equities for 30 years with the savings from renting vs. buying, you will also be sitting on a huge chunk of value.
- kuhhk 8y agoIf I read that correctly, it sounds like you’re assuming that rent is lower than buying, which is not true in many places (including my own city). Many people buy rental properties because they can charge hundreds more dollars...
- closeparen 8y agoSure, that can happen, but probably encodes a pessimistic view about the area's future prospects. If my neighbors highly valued the option to flee, I'd want to be very careful about putting down roots.
- mertd 8y agoAre they buying them with leverage (i.e. mortgage) though?