IssueRaiser

- Maintenance - Cost of rental more closely tracks income/economic situation, you're also free to go to a place that costs more or ...

- Maintenance - Cost of rental more closely tracks income/economic situation, you're also free to go to a place that costs more or less depending on your situation (whereas in homeownership you're locked to a place and the cost is fixed for decades) - You're less free to go where the jobs are (opportunity cost) "Oh but you're not building equity" then your problem is in financial education. The problem is not homeownership per se, it is of locking yourself into a long-term financial commitment for an overpriced asset that you can't afford (even if today you can afford the mortgage payments)

Posted by raverbashing on Jun 26, 2015, 9:46 AM

Tags

Related issues

Raise real-world problems, find people facing the same issue, and discuss solutions.5,500 issues0 comments

pricing (EdTech)

- Maintenance - Cost of rental more closely tracks income/economic situation, you're also free to go to a place that costs more or ...

raverbashingJun 26, 2015, 9:46 AM

- Maintenance - Cost of rental more closely tracks income/economic situation, you're also free to go to a place that costs more or less depending on your situation (whereas in homeownership you're locked to a place and the cost is fixed for decades) - You're less free to go where the jobs are (opportunity cost) "Oh but you're not building equity" then your problem is in financial education. The problem is not homeownership per se, it is of locking yourself into a long-term financial commitment for an overpriced asset that you can't afford (even if today you can afford the mortgage payments)

Comments (0)

No comments yet. Start the discussion.

Comment on this issue