Originally Posted by
m3113n1a1
Which is why I said buying isn't ALWAYS the best choice. Just trying to shine a light on the absolutist thinking people like you have.
And I said owning beats renting over the long term.
So I'm the absolutist because I am interested in both sides?
Interesting POV.
In your example the renter is out 360K and the buyer is out 176K. (by the way, your maths didn't math)
This whole rent/buy conundrum can be summed up with the the 3 F's, cars and houses, with the caveat of length of holding period added.
If you intend to keep a wife, boat, plane, or house for 3 years....then rent/lease.
If you are in it for the long haul.....buy.
If your lenght of "ownership" is somewhere in between.....do some analysis.
I thought every body understood this principle
BTW.... can you show me any post where someone/anyone said buying is ALWAYS the best option? Absolutist me arse.