2 ms·
> Getting into a house, waiting for the market to gradually go up over your lifetime and then selling it to retire on that profit But where do you live after y
by ninkendo 3y ago
> Getting into a house, waiting for the market to gradually go up over your lifetime and then selling it to retire on that profit
But where do you live after you sell your house? By that point it’s likely you’ve paid off your mortgage, so renting means you now have more money going out each month. Or you buy another house and there goes all your profit. You can downsize, I guess? Not everyone wants to do that, or not everyone lives in a house you can downsize from (ie it may already be small.)
- Night_Thastus 3y agoRenting does mean more money going out, but with a good enough house that doesn't matter - once it is sold it's such a large sum that they can live the rest of their life in comfort.