One of my favorite shows, "Adam Ruins Everything" has been "on target" for many topics that most people view the wrong way. The factual information on this show always surprises me.
Recently, his topic was Rent vs Own for private residence. Financially, everything he said favors renting.
Cost buying a house
Cost upkeep
Cost property taxes
Cost selling
Cost remodeling
Appreciation historically is flat, unless you luck out.
Yard and garden can be a joyous hobby if you like that sort of thing in retirement.
His argument is renting has none of these expenses and you can move when you're unhappy with the situation.
People richer than me, over the years, have mentioned they rent and would never
buy. Any thoughts on the subject?
Recently, his topic was Rent vs Own for private residence. Financially, everything he said favors renting.
Cost buying a house
Cost upkeep
Cost property taxes
Cost selling
Cost remodeling
Appreciation historically is flat, unless you luck out.
Yard and garden can be a joyous hobby if you like that sort of thing in retirement.
His argument is renting has none of these expenses and you can move when you're unhappy with the situation.
People richer than me, over the years, have mentioned they rent and would never
buy. Any thoughts on the subject?