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You forgot the tax advantage and the protection against inflation (if you have to fix rate mortatge).
by streetcat1 1y ago
You forgot the tax advantage and the protection against inflation (if you have to fix rate mortatge).
- brewdad 1y agoThe tax advantage is only available for people that itemize. Only about 10% of taxpayers do so. Inflation protection is very real and important though.
- benregenspan 1y agoI think he covered these by his mention of "spreadsheets". A good spreadsheet for rent-vs-buy would include the values in the sliders seen on https://www.nytimes.com/interactive/2024/upshot/buy-rent-calculator.html https://www.nytimes.com/interactive/2024/upshot/buy-rent-cal...
- milesbarr 1y agoExactly. The tax advantages are tangential to the behavioral factors I mentioned.