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Buying a house is like having a piggy bank & making a discipline...

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15/01/20

19:01

Post #: 42400171
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Originally posted by Lomu: ↑

But then you're assuming that renters are living week-to-week. Which is most certainly not always the case.

I'm not yet 50, renting, and I could almost retire with what I have right now- due to living in a cheap place and wisely investing my money (which would otherwise have gone on a super-expensive mortgage) until it's grown into a very nice pile indeed.

There are some people that rent and blow their money. And there are also people that own houses and blow their money too.

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Buying a house is like having a piggy bank & making a discipline mortgage repayments over time. It avoids of having an itching hand market, which almost always ended up losing the whole stack in the stock market ventures.
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