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What, exactly, is "crazy" about it? As a renter, you don't control your own destiny. You're at the whim of your landlord. As a home-owner, or better yet, a prop
by base698 13y ago
What, exactly, is "crazy" about it? As a renter, you don't control your own destiny. You're at the whim of your landlord. As a home-owner, or better yet, a property-owner, you have much more control over your living situation. Don't like the paint color? Change it. Don't like your stove? Get a new one. Want to plant some new flowers? Go for it.
Want to move to San Francisco to work at a new startup? Oops, you have a house, you're fucked. Breaking a lease is a lot easier than selling/renting your home. Being mobile is a lot better, for job prospects if you aren't in one of the hot spots already.
- JonFish85 13y ago"Being mobile is a lot better." For one very specific subset of society. For other people with different priorities (friends, family, what-have-you), owning a home might be "a lot better" for them.
- wyclif 13y agoYes, specifically people with wives and children like me. This is what's driving the property market in cities like Austin and Boulder. Talent is moving there because they can work for a startup and still have a healthy family life, work/life balance, and non-insane commute.