Quote:
Originally Posted by Bailey
With renting, it is more of a fixed monthly cost with taxes already rolled in.
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I'm not clear how renting is a "fixed monthly cost" and a standard mortgage isn't. You're also not considering the costs with investing. Investors are in a higher tax bracket and pay considerable capital gains taxes every year.
But the biggest reason that a regular, non-wealthy person is more likely to put money towards a home is because he needs somewhere to live. No one needs to invest (outside of retirement accounts, but that's not what we're talking about).