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by Domenic_S
5111 days ago
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This is a timeline question most of all -- they're not making any new land, so property prices are (virtually) guaranteed to rise over a significantly long time frame. If you need to cash out in 3 years, property probably isn't for you. > might as well pay less, rent, and save up. (worked for me) I'm not sure about that advice these days with fixed rates in the 3% zone. In that range, inflation basically pays your interest for you. The tax writeoffs are nice. And there are some major deals to be had -- I bought a place 2x the size of my rental, includes a garage, in a better neighborhood, and pay ~$500/month more than renting. I don't have to worry about moving or neighbors, or if my landlord's going to jack up the rent... feels good, man. |
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