What’s the reason for not just renting housing till the end of time and dumping my excess savings into REITs? Is there a big difference in outcomes vs buying a home?
In: Economics
A HUGE reason is that there are so many non financial reasons why you would prefer either option.
Many people find the stability of owning is preferable to stress of moving or fear of being evicted. Many people like being able to customise their house without fear of estate agent inspections. Want to have a dog. Paint the walls.
Any rent vs own approach that is strictly $$$ is misguided imo.
And any comparison that doesn’t take into account random rent increases, a few moves every 4 years is nuts. That shit will happen.
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