Quote:
Originally Posted by Tapioca
Anyway, xplosive's analyses have been a welcome contribution to this thread. I think we can all agree that buying is a bad deal today.
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This thread only seems to consider the financial pro's and con's of rent vs buy.
I've said before and I'll say again, it's hard to put a value on some of the intangibles of rent vs buy, and this thread seems to completely disregard them, but they are also a BIG factor when it comes to making that decision.
For example:
Home ownership: Locked into location, big costs if you need to move
Renting: Landlord can decide to sell/retake property, forced to move
Home ownership: Can do what you want with property, as long as it's within city bylaws
Renting: Must ask landlord's permission. Any permanent improvements made at your own cost are lost when you move out.
etc... and many more.