3 ms·

But it doesn't remove that financial burden entirely (or even close to entirely). You're still paying: * opportunity cost * property taxes * interest

• jurassic 5y ago
  You're paying many of these things in a rental as well. But at the end of 30 years the landlord keeps the asset.
  • refurb 5y ago
    I was living in a place in SF that would have cost me 3x to purchase versus my rent. I could take the leftover and invest in other assets. I'm actually ahead of where I would be had I owned since condos have dropped in SF with Covid.
  • bumby 5y ago
    If someone is well-off enough to be in a position to choose, renting is essentially paying a premium for freedom of movement. Used smartly, this can be an avenue to dramatically increase earnings over time because in today’s economy switching jobs is one of the faster ways to increase wages. While previous generations may not have had that problem, I think it changes the own/rent calculus for younger people.
• deleted 5y ago
  [deleted]