Quote:
Originally Posted by Tinordi
Only in rare cases is the monthly cost of ownership lower than the cost of renting.
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True. But most of the time the difference is approximately the monthly principal payments on the mortgage, which many/most people don't have the discipline to save if they rent.
The studies on renting and investing the difference generally come up with that being a good idea financially. On the other hand, renting and spending the difference on beer and trips to Vegas is probably not such a good idea financially. And most people are more likely to do that than invest it.