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While this is true, we paid less in mortgage than we would have paid in rent, and if/when we move we get equity back, but as a renter it's nearly impossible even to get your deposit back.

jimbocoin 🃏 2y ago

Agreed that you get equity and may lose deposit (I never have, but it’s a risk). And yeah, you gotta live somewhere.

Additional considerations:

- upkeep cost - As a homeowner, you have to pay for home upkeep that’s often the responsibility of the landlord. E.g. if an appliance breaks, plumbing problems, property tax, etc. These costs must also be included for a full comparison.

- opportunity cost - The alternative to home equity isn’t cash. It’s #Bitcoin.

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Discussion

H.M. Murdock 2y ago

No, that doesn't match our situation, for us it's opposite. We pay like 35% less on mortgage than we would in rent.

Home has a warranty that is included in that lower mortgage, so upkeep expenses aren't a thing for us.

So I can buy much, much more BTC while owning a home than I'd be able to afford if we were renting.

Equity isn't an opportunity cost in our scenario, it's a bonus that might later just get rolled up into even more BTC.