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Over the next 5 years, what could be the better position to be in:

Existing home owner or renter?

1984 5mo ago 💬 1

Today I would NOT encourage any young person to go out and borrow a million bucks for a descent house in a descent area.

Better hustle a cheap rent and be free. Save your salary in all other assets than Fiat. Gold, Silver, Stocks, Crypto, ETF's, REIT's.

Leave the country after 10 years and live of the interests.

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Discussion

Sovereign Being 5mo ago

I tend to agree. The cost of getting into the housing market when prices and interest are so over inflated seems risky, and similarly, I think there is a risk of house prices crashing which would be a problem for existing homeowners.

I am dubious about going back to renting though.