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Originally Posted by biftek
well my car that i own is around 10years old , wont buy a new car as it doesn't make a sound investment ,
i rent my home , works out much cheaper compared to buying a house, money i save i put into investments
don't need fancy things to splash my wealth , not that i don't buy stuff , just don't buy shit cause i have the money to burn
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In reality renting shouldn't be cheaper than buying a home
if you count in the tax deductions at the end of the year.
Renting is ok in situations you are going to live 18 months or less
just because of closing costs and real estate commissions