Quote:
Originally Posted by Red
Nah, I am pretty sure that majority of people come out ahead by buying.
Formulas for rent/buy are great on paper.
And everyone is a great investor on a public message forum. Until we get to see those T5s it's all just talk LOL.
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Ahead is a relative term. You can certainly make some money selling a home - while pissing that away buying in the same market.
A simple investment in the SPY over the last ten years would have doubled your investment. subtracting capital gains, i would imagine the investment is still ahead.
In any event, rent vs own benefits is entirely subjective. I like not being tied to any big payments because i want the ability to change my lifestyle/location etc at the drop of the hat. Some people come out of school or whatever and immediately look at marriage, kids, working the corp. ladder.
to each their own