6 ms·

Renting for me generally sounds like a bad deal. On the same period the stock grew even more (ex: S&P x4.5 from 2000). So, if you want to say that if you lived

by vladms 9mo ago

Renting for me generally sounds like a bad deal. On the same period the stock grew even more (ex: S&P x4.5 from 2000). So, if you want to say that if you lived 30 years ago in Munich AND did not save anything you would have lived better, I will have to answer that it was just delaying the issue of not being able to save - the ones that were able to save (maybe not living in Munich, maybe other ways), might at some point come and buy something in Munich. Accumulating wealth too much into some hands was the issue decades ago and remains an issue today. Just that decades ago people might not have been aware... The electronics industries of a couple decades ago were producing stuff that are incomparable to what we have today. Taking that into account, I would say today is "better".

consp 9mo ago
> Renting for me generally sounds like a bad deal. It always is but not everyone has the option of buying. It takes investment and not everyone's parents are wealthy.
- solatic 9mo ago
  Renting is actually a better deal, financially, in Israel compared to purchasing. Rent is cheaper than the mortgage payment, by hundreds and sometimes thousands of dollars a month, in a society where the average price of housing is more than 14x the average annual salary but most people are highly emotionally compelled to purchase housing as a symbol of stability and wealth creation - an emotional decision instead of a financial one. As always, local circumstances matter.
  - lnsru 9mo ago
    We calculated when buying the house near Munich that we pay around 140000€ more than renting our flat forever with moderate rent increase. At the moment of signing we needed bigger apartment. Few years later we see, that despite heavy construction in the old house we will save at least 200000€ as buyers. Rents in German cities are out of control. Probably it’s different in regions with solid real estate supply. Here’s nothing.

by vladms 9mo ago

consp 9mo ago

> Renting for me generally sounds like a bad deal. It always is but not everyone has the option of buying. It takes investment and not everyone's parents are wealthy.

solatic 9mo ago
Renting is actually a better deal, financially, in Israel compared to purchasing. Rent is cheaper than the mortgage payment, by hundreds and sometimes thousands of dollars a month, in a society where the average price of housing is more than 14x the average annual salary but most people are highly emotionally compelled to purchase housing as a symbol of stability and wealth creation - an emotional decision instead of a financial one. As always, local circumstances matter.
- lnsru 9mo ago
  We calculated when buying the house near Munich that we pay around 140000€ more than renting our flat forever with moderate rent increase. At the moment of signing we needed bigger apartment. Few years later we see, that despite heavy construction in the old house we will save at least 200000€ as buyers. Rents in German cities are out of control. Probably it’s different in regions with solid real estate supply. Here’s nothing.