Is it better to rent or buy a home?
by Belko - Tuesday August 29, 2023 at 10:39 PM
#21
(09-20-2023, 11:20 PM)Eagle Wrote:
(09-20-2023, 10:38 PM)mega-mind Wrote:
(09-13-2023, 08:50 PM)Eagle Wrote:
(09-10-2023, 10:53 PM)mega-mind Wrote:
(09-10-2023, 07:59 PM)Eagle Wrote: Being tied down to a property does limit mobility. Stability also establishes deeper ties to a community,do you prioritize mobility in life?

I do value ability to pursue new experiences but you're right, sacrificing a sense of rootedness is risky. Do you see home ownership as an investment?
I think it can be in the long-term, though markets fluctuate. I also see value in freeing up savings for other investments by renting.

You're right, renting allows more liquidity and diversified investments but don't rent payments add up too?
Sometimes yes, competition for rentals can be fierce. What issues have you faced trying to buy in this market?

Bidding wars and inflated prices make buying demoralizing. Renting seems less stressful if you find a stable landlord.
Reply
#22
(09-24-2023, 03:22 PM)mega-mind Wrote:
(09-20-2023, 11:20 PM)Eagle Wrote:
(09-20-2023, 10:38 PM)mega-mind Wrote:
(09-13-2023, 08:50 PM)Eagle Wrote:
(09-10-2023, 10:53 PM)mega-mind Wrote: I do value ability to pursue new experiences but you're right, sacrificing a sense of rootedness is risky. Do you see home ownership as an investment?
I think it can be in the long-term, though markets fluctuate. I also see value in freeing up savings for other investments by renting.

You're right, renting allows more liquidity and diversified investments but don't rent payments add up too?
Sometimes yes, competition for rentals can be fierce. What issues have you faced trying to buy in this market?

Bidding wars and inflated prices make buying demoralizing. Renting seems less stressful if you find a stable landlord.

Avoiding bidding is a major perk. Have you considered alternatives like house hacking or tiny homes?
Reply


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