[bigbootch]

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You must not have read my entire post.

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I did, my point is the following: the 150k (or however much, depending on what he wants to do with his mortgage, as you pointed out) he would allocate to buying his own place, I argue it's entirely unclear whether that 150k is better put to use somewhere else.

I'm not saying that he should rent and put that 150k in XYZ - I'm just saying that it's not at all obvious what the best thing to do with that money is. And, I argue that it most likely isn't real estate, based on historical lackluster returns, lack of liquidity, high transaction costs, and so on.

If I misread or misunderstood your post, then my apologies, and I would appreciate any clarification.