If you’re in the wealth accumulation phase of your life, I think buying a home is a terrible decision (in most cases). Prove me wrong. Seriously. I’m not being rhetorical. I want to see if there’s math that says otherwise.
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This is what I think. If you’re an entrepreneur of want to start something tying your money in a house seems like a bad decision to me too.
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To this point: Rent = money gone bye bye vs Buy = money tied into house yes but at least can use equity in the form of LOC to buy another place, start business, etc. If need be. All market dependant but buying gives you more flexibility financially than renting
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For example, I am buying now, renovating, will refi and have increased my equity which I can now deploy if need be elsewhere. Leverage is a huge financial benefit of buying (again location specific, and I’m in Canada, wouldn’t be as equally beneficial everywhere)
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