alt Hacker News> Renting for me generally sounds like a bad deal.
It always is but not everyone has the option of buying. It takes investment and not everyone's parents are wealthy.
> Renting for me generally sounds like a bad deal.
It always is but not everyone has the option of buying. It takes investment and not everyone's parents are wealthy.
Renting is actually a better deal, financially, in Israel compared to purchasing. Rent is cheaper than the mortgage payment, by hundreds and sometimes thousands of dollars a month, in a society where the average price of housing is more than 14x the average annual salary but most people are highly emotionally compelled to purchase housing as a symbol of stability and wealth creation - an emotional decision instead of a financial one.
As always, local circumstances matter.