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by michaelscott
2819 days ago
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Of course in certain conditions it is preferable to rent (haven't laid down roots, still building the beginning of a career etc), but as a purely financial decision for a regular, long term domicile it doesn't make sense to pay a premium to not "deal with home ownership". It's not like running a business. |
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It sometimes feels that way :-)
I don't really disagree with you although the risk-adjusted finances of rent vs. buy are less clear than a lot of people make them out to be in the absence of 20-20 hindsight. Especially if you reach a point where you're fairly locked into an area for whatever reason, it mostly makes sense to buy if you can. If the work associated with owning a house is a big deterrent, there are lower-effort alternatives like many condos.