this post was submitted on 31 Aug 2023
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Finance

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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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[–] 100years@beehaw.org 2 points 1 year ago

I'm basically with you on all of that, except it still sounds better than renting.

Also, I don't have kids, but I see a lot of folks buying houses in suburbs "for the schools". In affluent towns where the math you're describing is the worst, renting often isn't even an option. Also a lot of those parents will sell and move the second their kids graduate high school. All of that is way cheaper than private school, especially for multiple kids.