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Except when they aren't. You should really evaluate the current housing market at your city, the mortgage rates, your other investment opportunities, your inco
by altairiumblue 8y ago
Except when they aren't.
You should really evaluate the current housing market at your city, the mortgage rates, your other investment opportunities, your income, your potential future income, plans for moving/marriage/children.
It's not as simple as buying being always better than renting or the other way around.
- vkaku 8y agoYou grossly misunderstand. If you are renting, the going rent is often relatable to the mortgage. You have to set it up as a paid for equity if it's rentable. Your returns from the market may not offset your living expenses unless you have >$500k invested if you are paying $3000 in rent. So don't give people investment ideas without doing the run rate.