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The Case Against Home Ownership
#10

The Case Against Home Ownership

Rent is 100% lost money, landlords want to make their profits too. Mortgage may be lost money if the house is not near a city and you have to sell it after some time for a loss, because no one wants to live at the countryside or suburbs far away anymore.

For a young mobile (global) (professional). It doesn't make much sense. A option to consider for medium time spans is buying a apartment in a city and treating the mortgage payments as rent and sell it later on.

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