Quote:
Originally Posted by xxweekxx
but say i rent.. assume mortgage/rent same thing..
so i spend 15k/yr on rent,(a little over $1k a month) in 30yrs id have spent $450k in rent..
NOW assume a house with same mortgage, in 30yrs id have spent $450k in mortgage, EXCEPT i still have an asset worth at least $450k assuming 0% appreciation in 30yrs(which is impossible)
so tell me how renting is better..
its like flushing money down a toilet.. you are paying someone every month and you dont own shit.. while buying yeah im paying every month, but its still an asset...
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When you are read for it, have a family, want to settle down, etc, it probably does make sense to buy a house... but if you are not, and you buy a house just because you think it's a good financial move you will most likely be disappointed...
