Quote:
Originally Posted by project15
Advice from my dad and interpreted by me (since I just went through this debate): A house is a money pit, not an investment. You'll pay for maintenance, repairs, more utilities, taxes, etc...
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Long term, any house is an investment. Long term, renting is a money pit.
Short term, yes I agree with the above. If anyone is on-the-move all the time, then buying a house both pros and cons need to be planned out and analyzed from a cost/expense perspective. Short term, it may work out that renting is less of a money pit (in spite of the fact that here you cannot rent anything for less than $1k per month).
And yes, costs are always lower with a smaller house than a larger. Plus cleaning is easier
In reality, money spent without any gain (renting) is the true money pit; not everyone has a choice however.