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The Absolute Insanity of Not Buying a Home When You’re Young (www.riskology.co)

submitted 1 year ago* (last edited 1 year ago) by Recant@beehaw.org to c/finance@beehaw.org

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While buying a house is not a luxury everyone can afford, buying one instead of renting provides several key benefits that pay off in the long term.

What does everyone else think about buying when compared to renting?

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[–] jonne@infosec.pub 6 points 1 year ago

Yeah, the issue is saving up for a deposit. I finally managed to buy recently, and despite rate rises the mortgage is already pretty much the same as what rent would cost for a similar house (and long term will only be trending down in real terms with inflation). People would buy if they could, it's not like people love having to deal with landlords.