About Not Owning Sh*t

Re:About Not Owning Sh*t by ygra on Monday February 11, 2013 @10:03AM (#5201098)

Is a house actually necessary? I've been content with living in a rented flat so far. Or is that mainly an American thing where outside of larger cities space is abundant?

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Re:About Not Owning Sh*t by jmspring on Monday February 11, 2013 @01:27PM (#5202315)

Depends on your situation and how long you plan on living in one place. In the US there are tax advantages to home ownership, my mortgage + property taxes are currently less than what I would pay for rent for a comparable house. Situations differ by individual and region. Some places like San Francisco are seeing rents go through the roof, while some places like Berlin are still very reasonable.

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Re:About Not Owning Sh*t by Nursie on Tuesday February 12, 2013 @06:01AM (#5206124)

Simplistically? Rent goes into someone else's major savings account (house), mortgage payments go into your own.

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