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I do appreciate that your fantasy alternative to house ownership is owning a condo and not renting an apartment. The difference is single family unit vs shared
by skyyler 3y ago
I do appreciate that your fantasy alternative to house ownership is owning a condo and not renting an apartment.
The difference is single family unit vs shared walls, not owning vs renting.
In ideal situations, I think almost everyone would prefer owning over renting.
- ghaff 3y ago>In ideal situations, I think almost everyone would prefer owning over renting. I don't think that's true at all especially for people earlier in life/career. Even had I had more money in a brokerage account, I'm pretty sure I wouldn't have made a home purchase (whether single family house or condo) before I did. And I don't think that's all that unusual for people 10 years out of school or so. Yes, I was at a point when I could afford it but I was also mentally ready to put down some more roots.
- skyyler 3y agoI just think the difficulty of selling is a bit over-stated when talking about reasons people rent. I really do believe the large majority of people renting are doing so because they can't afford to buy.