Im guessing different people have different life priorities. So in some way its not correct to argue a point derived from an assumption/axiom other person doesn't believe in.
>>Well, I assume renting is better for your health: I was significantly less stressed about all the water damage that we had about two years ago, because I knew it was ultimately my landlord's problem, not mine.
Paid by your money.
>> But the overall effect is likely to be rather minor, and it can go either way, as some people get a mental health benefit out of knowing that they own their home.
I get a feeling if one is fairly rich they don't have to worry about money. When you are that rich, it doesn't matter whether you rent or own.
> Im guessing different people have different life priorities. So in some way its not correct to argue a point derived from an assumption/axiom other person doesn't believe in.
Yes, definitely. That's why I am saying that whether it's better to invest in owner occupied housing or in something else and using the returns to pay rent, depends on yields and prices and personal preferences. It's not automatic that buying a house to live in is better.
> Paid by your money.
Yes, definitely. Just like when I go to a restaurant, all the ingredients and the chef's labour is paid for by my own money.
Owning a house is a bit like having an extra part-time job with all the things you have to worry about and work on.
>>Well, I assume renting is better for your health: I was significantly less stressed about all the water damage that we had about two years ago, because I knew it was ultimately my landlord's problem, not mine.
Paid by your money.
>> But the overall effect is likely to be rather minor, and it can go either way, as some people get a mental health benefit out of knowing that they own their home.
I get a feeling if one is fairly rich they don't have to worry about money. When you are that rich, it doesn't matter whether you rent or own.