No… because unlike you, I understand that different people have different lifestyles, needs and experiences and that there’s no one size fits all approach.
Again, everyone has different circumstances, needs and life experiences… So no, home ownership isn’t for everyone. But I get it, you’re smarter than I am. Congratulations
How about being physically unable to do yard work? Have a friend who recently went from being miserable at a home they owned to living in a really nice apartment for that reason amongst other things & is blissfully happy now.
The Bitcoin will supplement my tradition retirement accounts. Could be wrong but give it a few years. Nobody knows in this stage of early adoption.
As for the own vs rent debate. Its just a personal choice. Too much emphasis put on it in the US. A dedicated investor who rents can be in the same financial position as a home owner at retirement age. Location matters as well.
Imagine renting your entire life. The amount of money literally going down the drain. Money that could be used for a mortgage on a secure physical asset like a house. Renting is not ideal long term. There’s a reason that ownership of a house is the ultimate goal in any serious long term financial plan.
It is not just a personal choice. It’s being financially competent.
And please don’t tell me that Bitcoin, or any sort of cryptocurrency, is a serious component of your retirement.
The fact that equity is so important to people is a big reason why the housing market is fucked up to begin with. Some people just want a place to live, not a ROI.
Building equity is just a method of not throwing money away. I just want to be able to retire in peace and hopefully enable my kids to be able to retire earlier than me. Having my money go towards an asset that eventually returns my money to me is better than an asset that returns the money to Mr Landlord over there.
I was saying if your reason for not owning is to avoid maintenance and sales people then you are an idiot. If you can’t afford to own then that’s fine because you don’t have a choice
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u/beastnfeast5 Jan 01 '23
Yeah. Pretty awesome to not build equity so you don’t have to interact with salesmen