> As a renter, you have no risk. Remember 2008 when housing prices tanked?
As a renter, you have the risk of your rent shooting up year after year as has happened these past few years basically globally.
Housing prices tanking are mostly an issue if you’re planning to sell your house, or you’re one of those people who buy with the intention of reselling. If you bought something in your affordable range and prices drop in half afterwards, well, that sucks, but you’re paying what you expected to pay and missing out on a discount you didn’t anticipate.
As a renter, you have the risk of your rent shooting up year after year as has happened these past few years basically globally.
Housing prices tanking are mostly an issue if you’re planning to sell your house, or you’re one of those people who buy with the intention of reselling. If you bought something in your affordable range and prices drop in half afterwards, well, that sucks, but you’re paying what you expected to pay and missing out on a discount you didn’t anticipate.