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In some markets, e.g. San Francisco, it does not make financial sense to buy and renting is a better option.
by terio 5y ago
In some markets, e.g. San Francisco, it does not make financial sense to buy and renting is a better option.
- jjav 5y agoIn the very short term, that can be true. If you intend to move in a year or two, sure. Rents only ever go up, whereas a mortgage can only go down (in a refinance). A mortgage ends and so do the payments, but a renter will pay ever increasing rents forever. It gets particularly painful after retirement on a fixed income. Things to consider!