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> mainly as a hedge against inflation ...surely there's also the part where, at the end of the 30 years, you have a house, but at the end of 30 years of rentin
by tsukikage 4y ago
> mainly as a hedge against inflation
...surely there's also the part where, at the end of the 30 years, you have a house, but at the end of 30 years of renting you have nothing.
- frankthedog 4y agoExcept the additional time in your life not having to worry about repairs, soliciting quotes from contractors, redoing things, etc. and in many markets like the Bay Area where renting is cheaper than owning you could have squirreled away a sizable and liquid nest egg. I say this as a homeowner, yeah the home equity is great but it’s not a pro without cons. Sure feels like I’m working for that equity while managing this house.