No offense, but you sound like a boomer.
People value things differently. With current interest rates, renting is indisputably a better financial decision, but I grant there are other reasons to own a home and for some people they outweigh the financial downsides.
Haha. I’m not a boomer bro. I was born in the early 80s.
Gen Xers also love their “home equity”
To each their own. Value is subjective after all
Totally fair... Some folks see home equity as a forced savings plan, others see it as dead capital. Depends on your goals, timeline, and how you view risk. I’m just saying for some people, especially with families, having that kind of stability plus long term upside matters. But yeah, to each their own.
ie the late 1900s
No offense taken, it’s a fair point. Everyone’s situation and values are different, and I totally get that. For some, flexibility and financial upside matter more; for others, stability and control over their living space carry more weight.
That said, it’s not always black and white. In some markets, owning still makes financial sense long-term, even with high rates…especially if you plan to stay put and can handle the upfront costs. But yeah, I respect that for a lot of people right now, renting might be the smarter move financially. Just depends what you’re optimizing for.
