| ▲ | TimorousBestie 4 hours ago |
| Okay, so why were you asking if renting can be more expensive than buying? You seem to already know that it can be. |
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| ▲ | triceratops 4 hours ago | parent [-] |
| I said they were inventing fantasy scenarios. The actual numbers might be more like rent $1400 vs mortgage $1000. After property taxes, insurance, and maintenance there might be $50 left. A handsome 3.5% profit, rising to maybe 6-7% if you include principal paydown. This is hardly a money-printing machine. It's a steady return for taking on some risk. |
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| ▲ | TimorousBestie 4 hours ago | parent [-] | | Ah, I see, you wanted to split hairs on the numbers. Fair enough. | | |
| ▲ | triceratops 4 hours ago | parent | next [-] | | It isn't splitting hairs. The numbers actually matter. | | |
| ▲ | TimorousBestie 4 hours ago | parent [-] | | It’s at risk of becoming a fractal of splitting hairs. Substituting your numbers in for theirs doesn’t change much. It’s still more expensive to rent. Kind of an unhelpful tangent to the discussion, really. | | |
| ▲ | triceratops 4 hours ago | parent [-] | | > Substituting your numbers in for theirs doesn’t change much You can buy a boat for $10 or rent one for $9. Assuming you really want a boat, would you buy or rent? Do my numbers reflect reality? Do they have a bearing on the choice you make? |
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| ▲ | albedoa 4 hours ago | parent | prev [-] | | ?? How in the world is it splitting hairs to point out that those numbers don't make sense. It is directly relevant to the question of how many Americans want to rent. You don't need to be like this :( |
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