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Wouldn't most people be better off if they must buy a condo/house instead? In this context, I don't care about "most people" - I care about me. And to use myse
by mindcrime 3y ago
Wouldn't most people be better off if they must buy a condo/house instead?
In this context, I don't care about "most people" - I care about me. And to use myself as an example - I rent an apartment because A. I like the freedom of not being tied down to a mortgage and a physical property, and B. I like not having to worry about maintenance. If the water heater goes out or the roof leaks, I am not on the hook to deal with it.
Going back to point (a) above - it's a lot easier for me to just pick up and move when I'm living in an apartment. Buying a house would have a much stronger effect of tying me to the place I'm currently living. So unless I'm 100% sold that "this is absolutely where I need and want to be for the foreseeable future" then that's a negative for buying a house.
And I think "most people" would prefer to have the freedom to make their own choices on matters like this.
- amichail 3y agoIf you don't want to worry about maintenance, then maybe you could pay for a company to do inspections and maintenance whenever required. However, unlike rent, this would be completely optional and could be stopped at any time without losing your home.
- mindcrime 3y agoAnd now you've added one more variable to the equation, for no additional benefit. Hard pass from me, thanks.