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oxag3ntoday at 1:49 AM1 replyview on HN

Not true. Down payment can support rent for years and years in HCOL, while owning is more expensive and lacks that cushion.


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tomjakubowskitoday at 3:34 AM

Owning is only more expensive than renting if depreciation + interest + maintenance exceeds rent. And in most US cities, depreciation is negative in the long run.

Lots of advantages to owning and having a mortgage too: deduct mortgage interest from taxes, use equity as a line of credit, you can actually make substantial changes to your living space, and so on.

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