this post was submitted on 31 Aug 2023

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Finance

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The Absolute Insanity of Not Buying a Home When You’re Young (www.riskology.co)

submitted 1 year ago* (last edited 1 year ago) by Recant to c/finance

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While buying a house is not a luxury everyone can afford, buying one instead of renting provides several key benefits that pay off in the long term.

What does everyone else think about buying when compared to renting?

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[–] furrowsofar 2 points 1 year ago

No. Only adjusts basis when you sell. There are tax benefits and a lot of them. Some general but a lot very specific. Lot depends if you make money on the property. My house I have had 20 years. Maybe made 1% a year return while the cost is 5%. Typical house returns are about inflation though mine is less. Typical investment return in the market though are 5 to 10% above inflation.