I don't understand here. It costs some amount of money each month for housing. Unless I hugely overbuy a house or underrent a small, undesirable apartment, that amount is the same (Say $1000/mo).
(And as an aside, from what I have seen, the lowest rent on the least viable living space does not save enough to be worth the other costs in comfort, location, etc. to be worth it.)
Renting not give me an extra $1000/mo to invest and compound for decades. That is THE amount a month I must pay to live, somewhere.
And from what I have seen in the high-cost areas like SF or NYC, one is still paying out a substantial amount of monthly income just to live, somewhere, with no room to invest a difference.
To my mind, if you can't afford to buy, you're screwed.
(And as an aside, from what I have seen, the lowest rent on the least viable living space does not save enough to be worth the other costs in comfort, location, etc. to be worth it.)
Renting not give me an extra $1000/mo to invest and compound for decades. That is THE amount a month I must pay to live, somewhere.
And from what I have seen in the high-cost areas like SF or NYC, one is still paying out a substantial amount of monthly income just to live, somewhere, with no room to invest a difference.
To my mind, if you can't afford to buy, you're screwed.