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Cake day: March 24th, 2024

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  • Renting makes sense if the monthly cost is significantly less than what it costs to buy AND you save the difference and invest it. The last part is key, because it makes your retirement income higher and thus able to handle increasing rents. If you don’t save the difference (including if you are unable to), then you are actually falling behind.

    Another factor that needs to be considered is multi-family housing vs single-family, which is a distinction that is separate from the rent vs buy discussion.

    Fwiw, I’m firmly in the “rent MFH, buy SFH”. I don’t want to buy a condo or rent a house.