Your Money Monday: Is Owning Cheaper?

29 Apr

When dealing with money, people often think it’s about the numbers, that you can do the math an instantly and empirically know if you have gained money or lost money. But that’s not quite true. Everything, even numbers, are subject to our perception of them.

Much like the arguments that “it’s cheaper to buy than to rent” right now, but only if you have a 10-20% down payment saved up (which is usually a pretty hefty chunk of money), we are facing the question of whether it is actually cheaper to buy and sell at a loss than to rent.

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