Interesting post on investing rather than buying a home.
I would just point out that the calculation is quite dependent on how much has to be borrowed from a mortgage provider. If hypothetically one doesn’t need a large mortgage, or any mortgage at all, buying could be better.
Also from a pure altruist’s point of view I suppose the fact that any increase in house value is money you will only have when old may not be that relevant if you’re happy not to enjoy that increase in value for yourself and instead just want to donate the property to an altruistic cause when you die. This would probably only be relevant for those who don’t want to have children though.
Interesting post on investing rather than buying a home.
I would just point out that the calculation is quite dependent on how much has to be borrowed from a mortgage provider. If hypothetically one doesn’t need a large mortgage, or any mortgage at all, buying could be better.
Also from a pure altruist’s point of view I suppose the fact that any increase in house value is money you will only have when old may not be that relevant if you’re happy not to enjoy that increase in value for yourself and instead just want to donate the property to an altruistic cause when you die. This would probably only be relevant for those who don’t want to have children though.