4 ms·
Yup. The main attraction of buying/owning vs renting is reduction of risk/uncertainty. If you're rich (>double-digit million net worth) and not stupid (hold you
by em500 4y ago
Yup. The main attraction of buying/owning vs renting is reduction of risk/uncertainty. If you're rich (>double-digit million net worth) and not stupid (hold your entire net worth in crypto coins), you don't have to care about uncertainly. With 10M net worth, you can get a few 10k from just interests or dividends, so you can rent something pretty nice anywhere in the world on a whim.