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Rent is greater than monthly mortgage payments, so I’d rather have the lower recurring outlays.
not when you average out maintenace/repair expenses, I don't think
Some landlords are cheap and won't maintain the property. Then as the tenant you're put in a tough spot of either paying to repair someone else's capital, or paying the cost of living with the problems
don't you think that's, at least a little bit, what you're shopping for when you're DECIDING as a tenant where to rent? (Fair enough, rent-control and the quality of the entire rentable housing stock down, but OK)
It is part of the calculation but how much market pressure actually exists there?
As an owner, you face the entire cost and benefit of each situation. That should lead to better individual outcomes. The cost is in having to make all those decisions.
veeery circular eh, since now we're back to the efficient cost of decision-making, what to outsource and what not!
It depends and this is the main part of my point; I have more say in those maintenance and repair expenses as the owner.
The fixed monthly payment is lower and I get to decide which additional expenses are worthwhile and when they’re worthwhile. That flexibility gets lost in averages.
That flexibility gets lost in averages.
in general an important observation
Ok, Klaus
Precisely. Rent everything, screw the ownership obsession<3 (...and you'll be happy)