Re:It could be years until we see a normal housing market
by hansvm on Friday February 04, 2022 @02:35PM
(#30211791)
The usual argument I see for renting being good is that up-front barriers make home buying hard for a lot of people and that transaction costs make it impractical for short tenures. If those were independently solved somehow would renting still have notable advantages?
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Re:It could be years until we see a normal housing market
by closeparen on Friday February 04, 2022 @06:17PM
(#30214877)
* Other investments may outperform home equity, even taking into account imputed rent, especially if homes are sustainably affordable (read: have no return).
* Other investments may be less correlated with your earning potential.
* Risk of being underwater.
* Risk of an expensive, unexpected maintenance or repair item.
* Chores you are no longer paying for, you have to do yourself.