Comparing the True Costs of Buying Vs. Renting | Investopedia

This is a very apropos to El Segundo. Instead of just look at an analysis that compares the cash flow of renting vs. buying the article looks at total yearly expenses and even takes those expenses out 30 years. 

The good is that it provides great ammunition to put off buying, especially right now. The bad is that it’s not specific to SoCal and the reality is that the great majority of mortgages do not see year 30. 

But like I’ve stated before, dropping 20% of ~$1-1.5 million dollars for the privilege to live in a tiny, shitty home is ludicrous. There is no amount of tax write-off that makes that a smart financial decision. 

Comparing the True Costs of Buying Vs. Renting | Investopedia

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