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A comment on 66% of renters say homeownership is ‘hopeless’. Parent comment

Re:66% of renters say homeownership is ‘hopeless’ by shortcake27 on Thursday May 04, 2023 @09:49PM (#35824400)
I mean yeah, renting is cheaper from a cashflow perspective. But you don’t end up with a multi-million dollar asset in 30 years.
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Re:66% of renters say homeownership is ‘hopeless’ by SirMaster on Thursday May 04, 2023 @11:22PM (#35824864)
If you keep investing in something like multi-family realestate you should easily have well over a million in assets after 30 years.

These assets would be generating cash flow, but you could sell them for a lump sum if you are OK with all the taxes.

Selling and buying another property allows you to do it without incurring such taxes.

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