@anonymous88 Rent does not necessarily increase in an unpredictable way. I live in an area with very strong rent control protections. I also cannot be evicted on a whim.
I have chosen renting for many lifestyle reasons, and have invested the money I've saved on property insurance, repairs and taxes quite well. I like being able to move at the drop of a hat and may well retire overseas.
Home ownership is as much a lifestyle choice as it is a financial choice. It works well for people who want to settle in an area, have children who go to the same schools, and leverage borrowed money. It isn't for everyone.
I have chosen renting for many lifestyle reasons, and have invested the money I've saved on property insurance, repairs and taxes quite well. I like being able to move at the drop of a hat and may well retire overseas.
Home ownership is as much a lifestyle choice as it is a financial choice. It works well for people who want to settle in an area, have children who go to the same schools, and leverage borrowed money. It isn't for everyone.