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
I know someone who is a long term house renter. He gets to pay less than market because at this point he’s on good terms with the owner and he’s not a hassle.
30 years of property taxes, sewer/garbage fees, overall maintenance, the work you put into it, the emergency repairs, loan interest….
Financially speaking, the rent option is probably a small bit a loser. But you also get more of your own time, and if that’s what’s important to you, it’s not a bad way to go.
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