Well, there's a difference on purchasing a modest home to save on rent and have a better neighborhood to raise your children in, and investing in rental real estate or flipping McMansions.
Discussion
Yes, that’s a very obvious statement & not the point.
Well, it may be obvious to you, and it is clear that you are speaking about true investment properties, but most people I speak to don't understand the difference and I suspect some of the other people in this thread also don't.
Absolutely 💯.
It’s an interesting time to be sure. The owning argument has kind of flipped & renting (with flexibility) is probably a better option for young people starting out at the moment.
Rent, and convert the down payment you would have used for the home into BTC.
Wait for rates to come down again (if they ever do) to buy a reasonably priced home to raise your family.
There’s a lot more to think about for young people/families than when I was buying my first home in the late 90’s.
Yes, but they are now facing crashing home prices and skyrocketing apartment rental rates, at least in some regions.
Our rent just increased 20% in one year.
Maybe it's different where you are, but Germany is a rental madhouse, now.