It definitely is worth it. You will always owe property taxes, but you wonβt be forced out due to raised rent, you can built/create/do so much more if you want, without having to get permission from the landowner.
If you rent, you are still paying the property tax, itβs just the ownersβ taxes. If you buy it - the payments will eventually end and you will only pay the property tax (which you are paying either way).
If you want to keep moving around, rent. If you want stability, buy.
Good call. Long term it probably makes sense and you cut out a middle man and gain greater flexibility with the property usually.
If you mortgage, the debt value halves in fiat every 7 years roughly too. But house prices are very inflated these days with the monetary premium.
Prices are definitely inflated like so many other things. For sure Iβm not defending the rental or mortgage costs.
It comes down to time preference. Long time preference will pretty much always win out. After allβ¦ you are making the house payment either way, one way is itβs your house payment you are making and you own it in the end; renting- you are making someone elseβs house payment and end up with no value in the end.
