Millionaires cross the ownership

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Home ownership as the American dream has been described for many years, but more people are spreading this imagination. While the high costs of living were forced people to go out Choose rent instead of owning property.

The high -confident couple recently shared Reddit that they have a net of $ 1.5 million with $ 800,000 of liquid boxes. Despite this feature, the couple does not see themselves buying a house because of mathematics. They look at the rent as cheaper and even the calculation of housing and rental enlargement.

Other observers jumped in the comments and shared their ideas about staying in rental real estate instead of buying a house with their additional money.

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Although the rent has been described as throwing your money away, the numbers draw a different story. Many Redditors commented on price deformities between rent and purchase, and one of the high profit shared their own numbers.

The high worker said: “I pay $ 3500 per month for rental in the VHCOL area in Socal; equivalent mortgage is more than $ 7,000. It is good that there will be fixed costs and $ 3500 per month of free cash flow.”

It is difficult to ignore these savings, especially since you do not have to put a huge first batch just to own the property. High observers choose to rent these numbers instead of buying property. After that, they can invest the difference in mediation account. Mortgage rates are still high, and housing prices have not decreased. These two factors are part of the reason for the existence of the current price deformities.

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Some observers’ owners stated that the owners can raise the rent every year and the interface to people. This is one of the disadvantages of being a tenant instead of the owner of the house, but some of the high areas had this argument.

You can always move if the rent is very expensive and is looking for more affordable options. Some people move from their units every few months so that they can explore different cities. Rent is more logical if you are traveling for most of the year.