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A comment on $2T in Proceeds of Corruption Removed from China and Taken to US, AUS, CAN, NL. Parent comment

Re:$2T in Proceeds of Corruption Removed from China and Take... by forgetsusername on Monday January 02, 2017 @08:21AM (#13300989)
>so, buying a house just makes sure you don't pay the little profit margin of the landlord

Buying is not universally better than renting, period. There is no such thing as a free lunch; any profit received by owning the capital asset is compensation for the risk of holding that asset.

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Re:$2T in Proceeds of Corruption Removed from China and Take... by wiz21c on Monday January 02, 2017 @03:12PM (#13304055)
Yep you're right. I just wanted to explain that there is also a psychological argument at play. That warm comforting feeling...
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Re:$2T in Proceeds of Corruption Removed from China and Take... by aianus on Monday January 02, 2017 @04:28PM (#13304698)
I would feel like there was a noose around my neck if I couldn't move without paying $30k in realtors fees (and possibly incurring capital loss depending on timing).
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