Quote:
Originally Posted by GigoloMason
If you're just going to make up imaginary scenarios we might as well discuss the local dragon population's effect on practical real estate.
Freezing prices and wages (inflation) is chosing to disgregard one of the fundamental blocks of the rent vs own debate.
You admitted yourself that it ultimatly breaks down to a region by region analysis and there is no universal 'right' answer which is all I said in the first place. What exactly are you arguing now?
The irony of course being that I was just pointing out your analysis was over simplistic and your response was to simplify it even more to defend a point you'd already conceded lol
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No you said that the ONLY advantage to buying vs renting is "leverage and all the benefits that come with it"
I disagreed with that and said that when a homeowner retires they have no housing expenses (other than insurance and taxes) while the renter still has to pay rent.
That's a
HUUUUGGE advantage.
I simplified it more with the frozen price and wage scenario so there would be less factors to consider. Having prices and wages frozen doesn't make either option more or less favorable, it just simplifies the example.