milesbarr (u/milesbarr)

milesbarr commented on My thoughts on renting versus buying milesbarr.me/posts/my-tho... · Posted by u/milesbarr

encoderer · 3 months ago

All else being equal, a house is too personal a thing for me to rent. It would be like renting a complete set of clothes.

I don’t want to be a real estate developer writ large, but I do want to develop my own space and optimize it for my family as it grows and changes over time.

milesbarr · 3 months ago

That's fair. I was mainly trying to push back against the idea that owning a home is always a good investment. There are definitely other major advantages to owning a home.

milesbarr commented on My thoughts on renting versus buying milesbarr.me/posts/my-tho... · Posted by u/milesbarr

benregenspan · 3 months ago

I think he covered these by his mention of "spreadsheets". A good spreadsheet for rent-vs-buy would include the values in the sliders seen on https://www.nytimes.com/interactive/2024/upshot/buy-rent-cal...

milesbarr · 3 months ago

Exactly. The tax advantages are tangential to the behavioral factors I mentioned.

milesbarr commented on My thoughts on renting versus buying milesbarr.me/posts/my-tho... · Posted by u/milesbarr

kennywinker · 3 months ago

If renting doesn’t make sense economically, how is it profitable for the landlord? Because it’s almost always profitable for the landlord.

milesbarr · 3 months ago

Real estate can make sense as an investment but most people aren't in a position to treat their primary residence like one.

milesbarr commented on My thoughts on renting versus buying milesbarr.me/posts/my-tho... · Posted by u/milesbarr

andy99 · 3 months ago

This is written from the perspective of someone who doesnt have kids or other ties that reduce flexibility (and from that perspective I agree a house is a huge liability in term of being able to make big life changes). It also sucks if you have neighbors you can't stand.

The main advantage of a house imo is that you can't typically rent something comparable, at least where I've lived. The rental market for 4 bedroom houses is tiny compared to the number for sale.

milesbarr · 3 months ago

Fully agree on this. If you have kids, stability is important so that can be a good reason to buy, regardless of whether it's an optimal financial decision.

Posted by u/milesbarr 3 months ago

My thoughts on renting versus buying milesbarr.me/posts/my-tho...

Posted by u/milesbarr 8 years ago

Show HN: Find your way from point A to point B in Google Street View waywardwanderergame.com/...

u/milesbarr

KarmaCake day37May 30, 2017View Original