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Metropolitan New York City
Reply to "Private school but rent?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Renting has been more beneficial for so many years now. We sold three properties to become renters. Should have never bought them.[/quote] Owning can be beneficial. The outer borough and suburbs have appreciated over time. [b]It forces people with bad spending habits to save. [/b] In addition, the math isn’t straightforward. If are wealthy enough to own a place that can host and impress guest with the view (increase networking opportunity), privacy / security of knowing everyone in the building, etc… [/quote] It’s this for most people. You end up with a lot of equity over decades and you eventually have a mortgage payment that seems less and less over time. [/quote]
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