Anonymous wrote:This owning versus buying is very individual. I sold my home end of 2019. When the market crashed in March 2020, I put most of that money into market.
My rental was 30% cheaper and much nicer than my home had been.
I also got 2 months off during covid when no one was looking to move.
The money in the market did 10x+ within 1.5 years.
I went on to sell two more properties, because of my abilities to invest now. Down markets are great.
I was never going to use whatever is on that list of 'benefits' for homeowners. Not even refinancing, because I had 15 year loan and I was 11 years in.
Being able to move when I need or want to and not having maintenance expense, would be an overkill in my case.
I know what it cost my latest landlord to make the place ready for me and there's the A/C that needs fixing. Meanwhile, I get my rent paid by just the fluctuation of the market without losing the number of shares. I may buy one day when it makes sense.
You just got lucky. I have a small home. I bought it cheap. It is in excellent condition, low maintenance. A home is a shelter first and foremost.