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by arthurofbabylon 20 days ago
The article details costs and leaves two big ones out. First, opportunity cost: lot of folks rent instead of own on the basis of keeping assets in higher-performing market sectors. Second (and perhaps actually an expression of the first), anything that prevents a working professional from changing cities can exert downward pressure on future economic opportunity.
1 comments

Maybe 1% of renters do that. The rest can't afford a house.

Changing cities? Sell or rent out your house. Not harder than moving apartments.

Not harder than moving apartments?!?!
Even easier than moving apartments if you just sell your house "as is". Depending on your rental contract you might have to do paint it etc before returning it.