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> If renting is strictly financially worse than buying, why do so many fabulously wealthy corporations rent instead of own their offices and stores Because the
by selfmodruntime 4y ago
> If renting is strictly financially worse than buying, why do so many fabulously wealthy corporations rent instead of own their offices and stores
Because they can claim that expense on their tax report and dynamically downsize or upsize if they are growing or shrinking fast?
You literally can not compare private homeownership with large companies owning their offices.
> When you buy a home you have to pay mortgage interest, property taxes, maintenance costs, HOA dues, and you have the opportunity cost of not being able to invest your mortgage principal instead of locking it up in your house.
All negligible compare to the fact that you own actual property, you have the freedom to do what you please and the value of your home is one of the best assets against inflation, because housing is always needed.
If owning a home was not worth the trouble, how come gigantic corporations like blackrock are buying homes 30% over asking price as soon as they can?
Of course it‘s not true that only losers don‘t own their homes, but in the last 30 years, if you do own yours you‘ve automatically won. Housing prices are so astronomically high that suburbian property beats anything else.