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by modo_mario
19 days ago
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> If you take the money you'd use for a down payment and mortgage and invest it instead (after paying rent) you end up in about the same place. Everywhere here rent has rapidly outpaced the mortgage payments and the down payment also pushed down my monthly payments significantly so it's not like nothing comes out of that. To top it off my home is far more spacious. Maybe it could work out if you went for the cheapest rent and invested the difference and happened to be that rare case that avoids a market crash.
But then you'd also be living in a small appartment for at least 2 decades. |
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