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A comment on This 4×6 index card has all the financial advice you’ll ever need. Parent comment

Re:This 4×6 index card has all the financial advice you’ll e... by sliverstorm on Monday September 16, 2013 @08:51PM (#6396921)
This advice seems to completely gloss over one key fact:

You have to live somewhere.

Seriously- if you didn't, buying a house would be a terrible investment! But you do, so the cost of owning a house needs to be compared to the cost of renting, instead of being discussed as a normal investment.

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Re:This 4×6 index card has all the financial advice you’ll e... by coldtea on Tuesday September 17, 2013 @10:56AM (#6399642)
>the cost of owning a house needs to be compared to the cost of renting

Emm, the linked articles get into exactly this.

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Re:This 4×6 index card has all the financial advice you’ll e... by untog on Monday September 16, 2013 @09:02PM (#6396960)
Not sure why this is being downvoted. If you don't get mortgage, the presumption is that you aren't going to buy a house outright, either. You're going to rent, which isn't exactly an ideal situation in the long term.
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Re:This 4×6 index card has all the financial advice you’ll e... by sliverstorm on Monday September 16, 2013 @09:04PM (#6396969)
Haha yes, if you can buy a house outright, definitely do that.

Unless, of course, you can land an incredibly low interest rate on your mortgage and have something interesting to do with your capitol, like fund your business.

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