7 ms·
Hmm. While this is definitely true, I think you stand to leave more to your children if you own, opposed to renting. If your rent is comparable to mortgage (a
by msquared 16y ago
Hmm. While this is definitely true, I think you stand to leave more to your children if you own, opposed to renting. If your rent is comparable to mortgage (assumption, I know) you will wind up paying less after the mortgage is over. If you die at 80, and start paying rent at 20, that's 60 years of rent, compared to, say, a 30-year mortgage. That's 30 more years of rent.
I know, I know, someone is going to say "well, what about upkeep and maintenance and killing rats and xyz?" The way I'm seeing this (which, by the by, is originating completely from a 3-beer-deep opinionated loudmouth) is that it's negligible compared to the fact that you are investing your money in something that is of material value.