mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Interesting article, and math back up, of how to compare renting a place to live verses owning your own home.
https://earlyretirementnow.com/2019/10/16/how-to-lie-with-personal-finance-part-2-homeownership/Whacky math is everywhere around us and some of the whackiest I’ve seen surfaces in the rent vs. own discussion. It sometimes takes almost a forensic accountant to determine where people fudge the numbers. James Altucher certainly fudged his numbers very artfully! That makes you wonder: what’s the motive of Altucher the other radical renters? Are they secretly investing in private equity multi-family housing deals and trying to talk potential tenants out of buying their own home! Nah, that’s preposterous! I have a different theory, though. I found a link to a cool survey of what homeowners and renters regret. 8% of homeowners would rather be renters but 45% of renters would rather be homeowners. Maybe a lot of renters just realize that they missed out on homeownership and try to ex-post-rationalize their bad decision. By hook or by crook. Don’t listen to the crooks!