2 ms·
The article details costs and leaves two big ones out. First, opportunity cost: lot of folks rent instead of own on the basis of keeping assets in higher-perfor
by arthurofbabylon 4mo ago
The article details costs and leaves two big ones out. First, opportunity cost: lot of folks rent instead of own on the basis of keeping assets in higher-performing market sectors. Second (and perhaps actually an expression of the first), anything that prevents a working professional from changing cities can exert downward pressure on future economic opportunity.
- carlosjobim 4mo agoMaybe 1% of renters do that. The rest can't afford a house. Changing cities? Sell or rent out your house. Not harder than moving apartments.
- benaduggan 4mo agoNot harder than moving apartments?!?!
- carlosjobim 4mo agoEven easier than moving apartments if you just sell your house "as is". Depending on your rental contract you might have to do paint it etc before returning it.