Re: Buying vs renting

Having been a home owner and a renter there are several points to consider.

Goals. Are you into property holdings for multiple generations? Is it more
a matter of what makes sense here and now? Are you in the middle, say
having stable holdings till the youngerthings  are out and about on their
own? Do you need volume to assume worth, is more more and less less.
Conversely there is a school of thought that holds less is more and no I am
not talking cmdlineage.  These will give you a better base to build on as
each might well have different paths and actions.

Location, as mentioned, is a key factor. Is your area in a boom or a bust?
How long has it been in the current phase? Past performance is not an
guarantee of present or future outcomes but trends be trends.....and there
be monsters.

Faith. Do you have faith in the market's past and present  valuation of
your location. As with all matters of faith (money, spiritual, societal,
...) it never hurts to pepper in counter examples but only insofar as it
will not destroy your faith's construct. Unless you are into that and then
hammer to wall ...hammer to wall.

Situation. What is your value flow like at the moment and in the next phase
of living? Are you flush with income or savings? Are you making more with
assets other than property? Are you waxing or waning in terms of income? If
your goal of property is to hand off property to the offspring this is much
different than if you are seeding them in other ways. Again, where are you
now and where will you be in the near future and what pros and cons are
there the goals you hold.

Not to say minmax that shiz, but minmax that shiz.

Another aspect is life is messy, Situations and Goals and Faith and
Location are like the best laid plans ....more often they are not the best.
You have to work with what you have not what you propose to want to have or
even  state you should have. If wishes were trees the trees would be
falling and so on and such and such.

In the end though we are all dead. While you are not though, live like
living was your love.

-tom(I Blame Walpole)higgins
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