Re:Housing Can’t Be Both Affordable and a Good Investment (2...
by sys_64738 on Thursday May 02, 2019 @07:07PM
(#19813850)
A lot of things are missed if you just compare hard numbers. A home brings distance from neighbors and size of place means you have privacy and a place to stretch out. Most apts are built on top of one another and price is high per square foot.
I also have an asset I can sell which doesn't exist when renting. Property taxes are generally lower relative to where I could rent and simply don't enter into it.
More important to me, a bought house is my home.
Re:Housing Can’t Be Both Affordable and a Good Investment (2...
by fireflash38 on Thursday May 02, 2019 @11:22AM
(#19808809)
> Property tax? Do you really own something that someone else can take away?
That applies to literally everything in the world, and therefore is pointless to bring up here.
And why would renting not work in old age? It works fine, its a value exchange and the money that ive saved for my old age in various investment vehicles will typically outperform most real estate investments.