Member-only story
Buying vs Renting
The eternal dilemma
Buying a house is one of those things that you are supposed to do to become a grownup. It shows commitment, maturity, and stability. It’s another milestone along with graduation, marriage, starting a family, and so on.
As the narrative goes, life is not completed without the picket fence and the perfect lawn. So it goes without saying that you must own your house. Clearly, it has many benefits and brings many advantages to renting…or does it?
So, why would anyone in his right mind choose to rent instead?
Let’s have a look
Considerations
There are a number of factors we don’t normally take into account when making such an important decision. Here, there are some characteristics of real-estate.
Houses are stationary
A house is stuck to a location, you can’t take it with you when you move. You choose a location because it is nice, good neighbors, near your job, convenient, etc. Potential for the area is also considered -you wouldn’t buy if you think prices are going down- yet, nobody knows the future, therefore all these future projections about prices going up are just hot air in the realtor’s narrative to push up the price.
