That one about investing the savings is horse shit. Apartment rent these days is essentially the same cost or more of just buying. Plus, at the end ofnthe say, you still don’t have a home. Your saved stock market money still won’t be enoughto ever buy one because pricing is inflated now. Plus, you are retiring and don’t have a place to love because you have no income to pay rent with.
You don’t have a home if you get forced into foreclosure either.
You can live a whole life not owning a home.
Over the last 15 years, a 401k you’re making steady contributions to, from the gap between then median home mortgage and median rent, that returns more than all the total costs that go into homeownership, and the home’s appreciation.
Yeah, this isn’t true everywhere, housing markets are local and regional.
But broadly, what I’ve said is true.
I’d show you the math, but you’ve already made up your mind, and you’re arguing about switching to this strategy now, which is a totally different discussion… so you probably wouldn’t be able to keep the math straight anyway.
No, buying is more expensive, that’s why people rent. That down payment would be a huge initial investment. Once you’re old and your portfolio has grown, you can pay rent anywhere in the world, not just where you earned the house.
That one about investing the savings is horse shit. Apartment rent these days is essentially the same cost or more of just buying. Plus, at the end ofnthe say, you still don’t have a home. Your saved stock market money still won’t be enoughto ever buy one because pricing is inflated now. Plus, you are retiring and don’t have a place to love because you have no income to pay rent with.
No, it isn’t.
You don’t have a home if you get forced into foreclosure either.
You can live a whole life not owning a home.
Over the last 15 years, a 401k you’re making steady contributions to, from the gap between then median home mortgage and median rent, that returns more than all the total costs that go into homeownership, and the home’s appreciation.
Yeah, this isn’t true everywhere, housing markets are local and regional.
But broadly, what I’ve said is true.
I’d show you the math, but you’ve already made up your mind, and you’re arguing about switching to this strategy now, which is a totally different discussion… so you probably wouldn’t be able to keep the math straight anyway.
No, buying is more expensive, that’s why people rent. That down payment would be a huge initial investment. Once you’re old and your portfolio has grown, you can pay rent anywhere in the world, not just where you earned the house.
You know you can sell a house and get a different one somewhere too right?
Sure, but that’s a lot more difficult for an old person than just renting.