Reading all the comments and reflecting on my personal experience, depending on (location, expected time in area, market conditions, and economy) youβre better off buying most of the time so long as you donβt leverage yourself. It usually provides better options (donβt live in an HOA, get equity, modify house to your needs) but puts all the responsibility on you the homeowner.
This is why RE is a sh*tcoin. π©
Agree, if you want to live there long term and you are allowed to do what you want with your property, it can make sense. A low cost loan, can be like leaving cash on the table shorting fiat.
True. Long term plans are important for this. If you move around a lot, you will lose a ton of resources (fiat) to fees, interest, depressed markets, etc. definitely rent if you donβt plan to stay long term. Another option is to buy something small and cheap that you can rent out when you move away - if you can manage that. Become the βgoodβ you want to see in the landlord system.
