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?

Question

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

Answer 1

Rent can be, and currently is, greatly variable. Start at $2K a month, and in 20 years, you’re up to $4K a month. Not true for your house payment.