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Honestly, I think both of you have much better insight into the "rent or buy" tradeoffs than any calculator can provide. Personally, I only think renting is "w
by gwbas1c 5y ago
Honestly, I think both of you have much better insight into the "rent or buy" tradeoffs than any calculator can provide.
Personally, I only think renting is "worth it" if you can't afford the house you want, or you just don't like homeownership. I also think owning is only "worth it" if you like the freedom to do whatever you want to your property or plan to stay put for a long time. No calculator can decide that for you.
- forgingahead 5y agoRegarding the point about "freedom to do whatever you want to your property" - how does that fit with the rules that condo boards, home owner associations, and other relevant groups place on owners in their "jurisdiction". I agree with you on your points, I have this rent-vs-buy mental agonising every few months. I'm just curious what folks are doing - if freedom is the key value, then basically you buy land somewhere where the least amount of people can harass you, and hope property prices and crime/services are at levels one can tolerate.
- gwbas1c 5y agoYou need to weigh that when choosing where to buy. I walked away from a plot of land that came with a stupid HOA. The immediate neighbor wasn't part of the HOA and didn't have to follow the stupid rules. (No plots within the HOA land had sold at the time.)