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But you're then left with owning something probably worth more than you paid in total
by mavhc 1y ago
But you're then left with owning something probably worth more than you paid in total
- lesuorac 1y agoIt's not. Buy-vs-rent is nearly always monetarily in favor of rent. 250k down payment is ~20% of 1.3 million which at ~6.5% comes out to you paying ~2.4 million. This doesn't include maintenance, insurance, or taxes. I have a bunch of calculators in this post (https://news.ycombinator.com/item?id=44794529 https://news.ycombinator.com/item?id=44794529) but that thread also has a lot of other people explaining the same thing.
- hu3 1y agoExactly. Buy is more of a peace-of-mind than financial decision.