this post was submitted on 25 Jun 2026
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I guess it is a varying thing. Where I am from, the housing market in basically any place that isn't super remote is already insane, buying basically any property in the region I am living in currently would cost me about 80% of my money as a down payment. I would have to work for about another decade just to get back to the same amount of savings, but the housing market is so crazy that I really have no idea where it will be a decade from now, there is a very real possibility of a collapse that will devalue the property. The advantages of renting for me are basically:
If somehow I find myself really settling down in a specific area, and find a really good deal, I still might do it, but I really really doubt, it will only happen if it is a really good deal on a place that I really want to live in.
All fair points, thank you for sharing. I guess in a crazy overvalued property market, the huge mortgage down payment does make the biggest difference since compound returns on that same investment could be huge in the stock market (until of course an AI crash wipes out all our investments and retirement accounts). In a less overvalued market property may make more sense.