@TheSamParr makes the case for why buying a house is a bad ideahttps://bit.ly/2PKRxRy
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The conspicuously large hole in your argument here is that rent disappears into your landlords pocket, whereas mortgage payments minus interest are effectively to yourself.
No - that's taken into account. I'm paying the landlord for a service. As well as the ability to use my cash elsewhere to make a bigger return.
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If you’re paying your landlord your cash, how are you also using it elsewhere?
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This is basic math. You have $200k in cash. You can use that for a 20% downpayment for a house or invest it elsewhere. According to 100 years of data, investing it elsewhere while paying rent will likely make you more $$$ in most home buying situations.
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Trust me, the landlord is not renting it at a loss. Rentals are GREAT for short term usage 0-5 year* since buying/selling has overhead. Outside of that range, it is worse. *varies by market
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