3 ms·
If you pay a mortgage till the day you die, how’s that different than paying rent till you die? If you can find a home you like more than places you can rent,
by sixstringtheory 3y ago
If you pay a mortgage till the day you die, how’s that different than paying rent till you die?
If you can find a home you like more than places you can rent, and the payments are similar enough, seems like it’s still better to get a mortgage.
A mortgage payment can’t increase like rent can and most likely will, forcing you to move every X years if you decide you can find somewhere more affordable.
Of course there are tradeoffs in the other direction, like if you need to move to a distant location for job/family/health, I just don’t think it’s as one-sided as you present it.