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
Renting vs buying is really more of a personal decision than a financial one.
There are pros and cons to being a lifelong renter or homeowner.
Dont buy a house just because you’ XX years old and everyone else has; or your uncle says it’s the only way to build wealth
There is no guarantee renting is cheaper than home ownership; and rents tend to increase.
Investing the difference between rent and mortgage require good constant behavior which you may or may not have
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