HilfeHilfe
2018-06-03 19:35:11
- #1
Because you hNever Never Never Never... I will argue this with you until the end. No rent can be that high! At the end of life, you have spent more money on property than the renter
I would not sign off on that. Homeownership is a different kind of saving. It is then not about overnight money, funds or stocks but the four walls. Most with equity then end up spending it on pointless stuff or just smiling at their account. Here I sit now with my beer on my terrace and let the sun bake my bald head. One can talk about how renters are more flexible if the finances do not work out or if there is a job changeSorry, but you unfortunately misunderstood that. The better wealth building of property owners is due to the fact that they are, so to speak, forced into financial discipline (a kind of self-binding). Most people normally do not have this discipline. I know enough in my circle of acquaintances myself: people with very decent incomes who hardly manage to have an emergency fund of three months' salary.
If you have the necessary discipline, financially seen you are better off as a renter. I actually know quite a few people with significant rented property ownership who themselves live cheaply renting.
From my point of view, an owner-occupied property is not an investment, but a luxury good. I afford it not because of the financial advantages, but because of the advantages in quality of life.