RE: Renter || Buyer
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A lot would depend on the numbers as well.
I bought a house at 30 at a decent price in a good location for 173K and put some hours and a little money into renovating it myself.
Before that I was paying $500 a month in rent and that wasn't a bad price in the city for a single room in a two bed apartment.
Suddenly i had a full house and garden for a mortgage of $750 which i could easily pay off in a shorter period than the full loan to reduce the interest rates. Property taxes are about $250 a year over here and mortgage rates under 2% so the maths are different.
Moved house three years later and sold it for $250K and a nice profit tax free. The market is booming right now and when it crashes again i'm hoping to buy a couple of cheap partments in the city and let them out. The rent will more thsn cover the mortgage so you have an income and free assets in time.
Different countries, different perspectives. There is also a huge accomodation shortage here as well so rental prices keep rising, you have no long term security and it's not a good place to be right now as opposed to buying and building a life in one place.
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