Josh and Amelie discuss the age-old question of renting vs buying!
Top things to think about
- Society claims buying is better than renting; economics disagrees.
- When you rent, your max home maintenance is a few dollars for a new lightbulb.
- Renting gives a lot more flexibility; owning offers more stability.
- One big advantage of owning is that your mortgage stays the same.
- The standardized deduction exists in part to equalize tax deductions for land owners and non-land owners.
- Overall, lifestyle is much more important to people than the actual finance/economic side.
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