3 ms·
if the tone came off as railing, I should have dialed it back a bit its strikes me that a big issue with renting is the liquidity of the market you're renting
by pitt1980 11y ago
if the tone came off as railing, I should have dialed it back a bit
its strikes me that a big issue with renting is the liquidity of the market you're renting in
especially if you have kids, and changing school districts becomes a big deal
all in all, I'd rather not make a 30 year bet on the US residential real estate market with a whole mortgage worth of my net worth
but its seems currently I have to pay a pretty steep premium to make the opposite bet
- ghaff 11y agoThere are definitely differences in the property stock that's available for rental vs. buying--though the specifics doubtless vary depending upon what you're looking for and where you're looking. In general, it's probably fair to say that renting standalone houses with the expectation that you won't have to move--with the costs and hassle that implies--can be difficult. Buying a house is certainly something of a financial bet and clearly makes you less mobile. On the other hand (barring foreclosure), nobody can force you to move and you have a lot more flexibility in what you do with the property. For most people, as time goes on, the ability to pick up and move to another city without too much thought becomes less important and having more stability in their residence more so.