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This is insane. There are plenty of reasons to rent besides financial leverage, chief among them flexibility. Providing housing that you don’t have to commit to
by jdminhbg 6y ago
This is insane. There are plenty of reasons to rent besides financial leverage, chief among them flexibility. Providing housing that you don’t have to commit to for thirty years is a valuable service and that’s why people pay for it.
- folmar 6y agoIt depend on rent/mortgage ratio in where you look, and they do vary a lot. Alas if the market and the banks are prepared to sell a mortgaged house the deal is not much less flexible than rent, the transaction costs are not zero but often less than cost of moving your stuff.