4 ms·
Yes I did forget but I'd suggest the transaction costs aren't significant when you hold 10+ years and are just another cost of living. If you rent you have to p
by rr888 4y ago
Yes I did forget but I'd suggest the transaction costs aren't significant when you hold 10+ years and are just another cost of living. If you rent you have to pay fewer transaction costs but you have rent rising so that has its own problems.
- JumpCrisscross 4y ago> you have rent rising so that has its own problems Rising rents amid flat home prices are necessarily temporary absent price controls.
- giaour 4y agoYes, assuming the rental market has sufficient competition and can take advantage of existing homes. Local rental property monopolies or regulation (either governmental or from private organizations like HOAs) that prevents the excess homes from being rented can cause a rise in rents that is not related to underlying housing prices.
- ahtihn 4y agoThere's no reason for rent to be rising if property values aren't rising. Rent rising would push property prices up.