If you’re in a big city, it can be a bit of the grass is greener on the other side.
I rent and have looked into buying property, but between property tax, insurance, condo fees, and interest its better to just keep your house down payment in savings in the market, and you spend less per month in rent than for a house so you can save that difference as well and let it grow / use it for a rainy day.
The main reason to own property is to have more control over your living space and avoid shitty landlords.
The way I saw it was the upside is appreciation (though the money is locked away in the property, so its very “break in case of emergency”) and its a good hedge against inflation from rent, though that would probably cause your house price to rise causing your property taxes to rise.
/renters howl while crysturbating for your problems
If you’re in a big city, it can be a bit of the grass is greener on the other side.
I rent and have looked into buying property, but between property tax, insurance, condo fees, and interest its better to just keep your house down payment in savings in the market, and you spend less per month in rent than for a house so you can save that difference as well and let it grow / use it for a rainy day.
The main reason to own property is to have more control over your living space and avoid shitty landlords.
The way I saw it was the upside is appreciation (though the money is locked away in the property, so its very “break in case of emergency”) and its a good hedge against inflation from rent, though that would probably cause your house price to rise causing your property taxes to rise.