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re: “You’re just throwing your money away on rent”

Posted on 8/20/19 at 10:45 am to
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
26705 posts
Posted on 8/20/19 at 10:45 am to
quote:

m I the only one who thinks homeownership isn’t the greatest goal which we can achieve?


Usually, it's a good thing. But it's not as black and white as people tend to think it is.

We've certainly been conditioned to believe that home ownership is the ultimate goal.
Posted by pjab
Member since Mar 2016
5653 posts
Posted on 8/20/19 at 12:17 pm to
quote:

We've certainly been conditioned to believe that home ownership is the ultimate goal.


As a homeowner and a renter, it’s much easier to be a renter.

The idea that your primary residence is an investment is BS. In order to make money off your primary residence, you have to be able to cash out or change the situation (move to place with a lower housing cost). You can’t trade apples for apples in the same city since everyone else’s properties are subject to the same market forces as yours.
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