3 ms·
What most people also don't take into consideration are the opportunity costs of buying a house and paying a mortgage for the next twenty or thirty years. If in
by this_user 13y ago
What most people also don't take into consideration are the opportunity costs of buying a house and paying a mortgage for the next twenty or thirty years. If instead of buying you rent and invest the money you would otherwise pay for the house there is a good chance you will be much better off in the long run.
- WalterSear 13y ago~7 years in and my mortgage is cheaper than rent already.
- graeme 13y agoThat's great for you, but it doesn't tell us much about whether it's better to own or rent on average. Your testimony is like someone saying they bought one stock that's up 20%, so stocks must be better than bonds. There are other homeowners who have lost money, and some others who are doing even better than you. Individual stories don't tell us about aggregates.
- notajuggalo 13y agoSo what? The monthly payment is only a small piece of the puzzle