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> Similar to the fact that some people would rather go to a different vacation spot each year rather than own a vacation home in the same place. In that case an
by tolmasky 12y ago
> Similar to the fact that some people would rather go to a different vacation spot each year rather than own a vacation home in the same place.
In that case an argument can be made that it makes sense to actually pay more to rent than to own because you are deriving some other benefit from not owning that is actually worth more (maybe that is what you are saying..)
Yup, I think you've come up with a really helpful analogy, that's definitely how I feel. Like the OP, I wanted to show that there were some things I valued that would make me want to rent even if it proved to be more expensive in the long run.
- larrys 12y agoAs another example I always buy a car for cash and never lease. I want to be able to wake up any morning and get a new car exactly when I want. And I don't want to have to obsess over miles on the car or at least have it quantified "12k miles .30 overage". Not even a money issue it just takes the "fun" out of it. Your point re: renting (and my point) as I pointed out in a reply in my other comment is really the gist of what I didn't like about this article. It reduced everything down to a dollar amount when the decision for everyone is much more complicated. It's actually one of the things I don't like about "Internet advice" it's really hard to come up with a comprehensive analysis of all the reasons people make certain decisions.