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Some people own their home, others rent it. Different situations suit different people.
by kerneloftruth 5y ago
Some people own their home, others rent it. Different situations suit different people.
- beckman466 5y agospoken like a true 'property investor'? if you are trying to tell me that you don't recommend your closest friends and family to buy their own houses, you've really not convinced me.
- leetcrew 5y agonot GP, but I'd recommend buying to some friends/family and renting to others. it depends a lot on how long they plan to live there, the local price-to-rent ratio, tolerance for risk, and desire to make significant modifications to the structure. but I'd err on the side of renting.
- kerneloftruth 5y agoI very much recommend ownership over rent. However, purchase is sometimes not practical, out of reach, or just not desired. I've myself been in steep markets (California) where I rented for years while I saved up a down payment.
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