Metadata
- Author: Archive
- Full Title:: Renting Forever and Trying to Create a Strong Financial Future
- Category:: 🗞️Articles
- Document Tags:: Investing,
- URL:: https://archive.ph/yvxLU?utm_source=substack&utm_medium=email
- Finished date:: 2024-05-29
Highlights
you’re buying something like a broad-based U.S. stock index, you’re just kind of buying a slice of the entire U.S. economy,” Mr. Rogers said. “When you buy a house, your risk is concentrated literally down to one house, in one neighborhood, in one state.” (View Highlight)
“In the current market, particularly in my area, rent looks like an absolute bargain compared to what houses are selling for now,” he said. “That allows me to really bump up my savings rate. People are like, ‘Well, you’re not building equity.’ Yeah, but I’ve got a 35 percent savings rate. I’m building investment accounts much faster than I would ever build equity in the house.” (View Highlight)
“If you choose to rent, there’s one key thing that is the most important thing of all, which is you absolutely must run your numbers,” he said, “and if it’s cheaper to rent than to buy, you must invest the difference.” (View Highlight)