Quote:
Originally Posted by ADL Colin
The answer to the question is "it depends". It depends on a lot of things. In which market at what time? Do you have a mortgage? Will your house appreciate faster than your mortgage rate? How much would you have spent on rent elsewhere? What other opportunities do you miss?
How much SATISFACTION do you get? If I were willing to rent a smaller place and invest the money in my home elsewhere I would probably end up with greater monetary wealth in the long-run but would lose a lot of satisfaction. The cost of satisfaction with my life is not worth that.
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Best post, i freak out to see so many generalizations here.
V_Rock's example shows just one of the cases for him makes sense to rent. These events vary and there's no universal rule. What's important is to be in position to identify yourself these factors that determine buying or renting is better for you and if that particular real estate "opportunity" you spotted is a good or bad investment.