12 months of rent at 2500 per month is about 30,000 per year. In 5 years you’ll have paid 150,000 and have nothing to show for it and nowhere to live. Your buddy will have spent the same, admittedly maybe more, but will have a roof over his head that can be passed down for generations or sold to recover se of the money spent.
Paying rent is just paying off someone else’s mortgage. Why would you rather pay for someone else’s loan instead of getting your own?
12 months of rent at 2500 per month is about 30,000 per year. In 5 years you’ll have paid 150,000 and have nothing to show for it and nowhere to live. Your buddy will have spent the same, admittedly maybe more, but will have a roof over his head that can be passed down for generations or sold to recover se of the money spent.
Paying rent is just paying off someone else’s mortgage. Why would you rather pay for someone else’s loan instead of getting your own?
Edit: TPS’s most recent comic actually touches on my point http://www.threepanelsoul.com/comics/1695521525-843.png