I think this claim is often true if someone wants to stay in the same location—however, that is very expensive for someone’s career.
Considering EA’s focus on ‘having a good career’ for which the willingness to move is important, buying a property seems much less likely to be a good call compared to the average person. Unless being willing to move whenever a better opportunity arises is not something you’re willing to do anyway, of course.
Agreed, though most people naturally settle down at around 30-35, at which point people tend to move much less frequently. Even if you move once every 5 years from this point, I would still say that most of the time it is worth buying vs renting.
This in mind I think people younger than this should consider saving to the point where they at least have the option to do this when they reach this point in their lives/careers.
I think this claim is often true if someone wants to stay in the same location—however, that is very expensive for someone’s career.
Considering EA’s focus on ‘having a good career’ for which the willingness to move is important, buying a property seems much less likely to be a good call compared to the average person. Unless being willing to move whenever a better opportunity arises is not something you’re willing to do anyway, of course.
Agreed, though most people naturally settle down at around 30-35, at which point people tend to move much less frequently. Even if you move once every 5 years from this point, I would still say that most of the time it is worth buying vs renting. This in mind I think people younger than this should consider saving to the point where they at least have the option to do this when they reach this point in their lives/careers.