Viewing a single comment thread. View all comments

baltimorecalling t1_j5gbwta wrote

You'll pay a lot more in rent. There's a definite inefficiency between buying and renting

−4

sgtducky9191 OP t1_j5gc6at wrote

I'm aware of that but in general if you can't stay in a place for 5 years a home purchase is a bad investment

4

baltimorecalling t1_j5gc88g wrote

Explain how

−6

sgtducky9191 OP t1_j5gcmdy wrote

This Is a decent link to sum it up, but basically because of high upfront costs it takes 5 years to recoup that money.

4

sgtducky9191 OP t1_j5gd1sv wrote

It can of course vary, but buying a home should be as long term an investment as possible!

3