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The usual argument I see for renting being good is that up-front barriers make home buying hard for a lot of people and that transaction costs make it impractic
by hansvm 5y ago
The usual argument I see for renting being good is that up-front barriers make home buying hard for a lot of people and that transaction costs make it impractical for short tenures. If those were independently solved somehow would renting still have notable advantages?
- closeparen 5y ago* Other investments may outperform home equity, even taking into account imputed rent, especially if homes are sustainably affordable (read: have no return). * Other investments may be less correlated with your earning potential. * Risk of being underwater. * Risk of an expensive, unexpected maintenance or repair item. * Chores you are no longer paying for, you have to do yourself.