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by chiefalchemist
1496 days ago
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Buying v renting. That's a different discussion. But now that you brought it up...renters might not have equity but have you balanced equity against taxes, time and cost of maintenance, etc.* Again, these are costs too often not considered. Too many people falsely quote their closing prices as what they paid for their home. Nah. That's the total cost of mortgage + taxes + insurance + time & cost of maintenance, etc. That's the full understanding of the costs. * of course there are community and family reasons for owning. But that stability can be an anchor. WFH is changing that for knowledge workers. But what if you can't WFH and your type of work is not growing in your area. With ownership you can't pickup and move. The topic has nuance and can be complicated. It's not the simple model banking and real estate sell, that much is true. |
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