Yesterday, 02:56 PM
(Yesterday, 03:04 AM)anonymouse1 Wrote: Financially, it's obviously a losing move to just rent, unless the markets go crazy.
Wait, what? That is not obvious at all. When you buy a place you are highly leveraged and your down payment money is unavailable to invest in a diverse portfolio, meaning that a small hiccup in the market can put you underwater. Not to mention that the transaction costs for buying and then selling again can easily dwarf any appreciation gains. You need to at the very least run some rent vs buy calculators trying out various assumptions. In general I would say that buying when you are thinking of selling within ten years or less is very often a losing proposition.
"Man is a little germ that lives on an unimportant rock ball that revolves about a small star at the outskirts of an ordinary galaxy. ... I am absolutely amazed to discover myself on this rock ball rotating around a spherical fire. It's a very odd situation. And the more I look at things I cannot get rid of the feeling that existence is quite weird. -- Alan Watts