Quote:
Originally Posted by The Yen Man
I'm like the complete opposite of you. The thought of being 65 and having paid off someone else's mortgage for 25 years and now having to continue to do that past retirement so I can have a place to live freaks the hell out of me.
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I think of it from an asset/liability matching perspective.
A bucket of stock market type assets can be designed to throw off enough cash to cover rent. But if there's a big crash, or rents rise dramatically, there is risk there. By contrast, if you own the exact asset you need there isn't a mismatch.
It probably isn't the optimal strategy 100 times out of 100 (in fact I mostly agree with the renting is cheaper people) but it does take some of the edge case risk off the table, which has value to me.
I say that fully aware that my stock portfolio has done way, way better than my Calgary house over my entire adult life.