> ownership of a house in some areas becomes so expensive as to be the exclusive domain of the wealthy
I agree. In fact, I live in an expensive area, but planning on moving in few years when I will be retired. Then I will buy a mansion for little money. And still gonna have plenty of savings and investments to pass onto my kids.
I don't understand the ownership at all cost. You need to run some numbers and understand if buy is financially more convenient than renting. If not, it is ok to rent.
But some people are just obsessed with ownership. Even if is not financially sound.
I agree. In fact, I live in an expensive area, but planning on moving in few years when I will be retired. Then I will buy a mansion for little money. And still gonna have plenty of savings and investments to pass onto my kids.
I don't understand the ownership at all cost. You need to run some numbers and understand if buy is financially more convenient than renting. If not, it is ok to rent. But some people are just obsessed with ownership. Even if is not financially sound.