Quote:
Originally Posted by Nodrog
Because it makes more sense than pissing away 5K ever year on rent that you wont get any returns on. If you were renting for 10 years then thats around 80K that youre losing in real terms, which is a decent bit of money.
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Not entirely true.
You have to take inflation into effect and also discount all future spendings against some discount rate, say 5%, because every pound you have available for a year and then have to spend is worth more than a pound to be spend right away, so at times, renting can be the appropriate course of action.