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And time. All those things take time. Also, ppl tend to think about the cost of their home as the closing cost. That's false. It's the total cost of the mortga
by chiefalchemist 4y ago
And time. All those things take time.
Also, ppl tend to think about the cost of their home as the closing cost. That's false. It's the total cost of the mortgage. That's what you pay. That's what it costs.
Now, factor in opportunity cost and the delta widens even further.
That said, there's certainly something to be said for the stability and certainty of ownership*, but the idea that owning financial beats renting is a misrepresentation of owning.
* See Matt Desmond's "Evicted" for more insights (and empathy).
https://www.evictedbook.com/ https://www.evictedbook.com/