alt Hacker News>You've probably heard someone say something to the effect of "renting is just throwing your money away". Don't believe it. It's a glib statement that simply isn't true.
If you take literally anything away from this article, this opening line is it. People who say this bought their house decades ago and have no clue what the present situation is.
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I don't know who is telling you this, but the people who gave me that line lived through several recessions including '08 and are still making money buying rental properties to this day. They know more about the present situation than you do.
I don't know. I get a reminder of what housing inflation looks like every year when the annual tax assessment goes up another 6-8%.
You're still paying a mortgage if you rent it's just someone else's mortgage.
I say that, and I bought my house less than a decade ago. So you're making a generalization that isn't true.
My sub-3% loan from 2020 says otherwise.
I pay as much as I did for rent in 2019 for my house now (and until 2050). And my house is over 3x larger.