/biz/ - Business & Finance

>>1842147
And in your example you pay an extra ~$200,000 over 20 years.
If you invested the money in the rent example and made shitty average returns of 5% per year, compounded annually, you end up with $330,659.

In a housing bubble economy this option is far superior. And renting comes with the benefit of being able to move and no risk of going into overdraft/ defaulting on a loan

Next time use your brain before you hit the post button