Quote:
Originally Posted by blankall
You do have to pay to live somewhere though. It's not always a guarantee that you property will rise dramatically over time, but your rent definitely will. If you've borrowed properly, then you should be paying more for a mortgage than you would for rent for the first 5 years or so...and then dramatically less afterwards, plus you have the capital gains, which is tax free. Eventually you'll be living mortgage free. The landlord will always want their rent.
Renting has its own costs too. Frequent moves can be both economically and psychologically tolling.
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Should've prefaced it by stating rental properties, not principal residence