Renting also can make sense for people who are not going to stay in place for long.
I've seen different analyses, and it of courses hinges on whether property values are going up, down, or staying the same, but the usual numbers I've seen are that ownership makes sense if you will be there for 3+ years.
I know cuz I did it for years. You pay 20k in fees at least every time you buy or sell if you do it the standard way
You don't have to. But then you're getting into "work as your own professional" territory, and you can slow build your own house at that rate.
Renting also can make sense for people who are not going to stay in place for long.
I've seen different analyses, and it of courses hinges on whether property values are going up, down, or staying the same, but the usual numbers I've seen are that ownership makes sense if you will be there for 3+ years.
Its true if you move around a lot. The issue is establishing anything if you move that much.
I know cuz I did it for years. You pay 20k in fees at least every time you buy or sell if you do it the standard way You don't have to. But then you're getting into "work as your own professional" territory, and you can slow build your own house at that rate.