Re: Renting vs Owning
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It seems counterintuitive that the correct decision is to pay out 1/2 million and have nothing to show for it at the end. The math says I should keep renting.
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Hopefully, you won't have nothing to show for it; you should have a portfolio of assets which you invested instead of paying a higher mortgage....
Some people lack discipline wrt to investing the difference between rent and mortgage, and so the mortgage can be seen as forced saving. This "benefit" to buying should only be considered if you are applicably lazy, which it probably isnt if you're actually going through the trouble of comparing costs.
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