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Drawing Conclusions: Is renting really a waste of money?

The Globe and Mail · explainer · Watch on YouTube

Investing & personal financeData visualization & information design

What it is

A short Globe and Mail animated explainer on why renting can leave you as well off as buying a home. It walks through a rent-versus-buy comparison using Toronto numbers and the opportunity cost of a down payment. The video notes it dates from 2015 and the housing market has changed since.

Why Hacker News recommends it

HN commenters cite it as a clear, numbers-based rent-vs-buy comparison when housing-as-investment debates come up.

  • 2 people recommended it
  • 2 different months
  • 0 strong recommendations
  • first 2018, last 2019

What HN commenters said

  1. “The Globe and Mail also has a great comparison of rent vs buy using numbers from Toronto”

    Rent vs buy comparison with Toronto numbers.

    kspaans, 2018-02 · Recommendation · in “Home ownership is a lousy investment compared with stocks or bonds”

  2. “The TL;DW is that if you compare a renter & a buyer from day 1 to the end of a 25 year mortgage, both the renter and owner will have roughly the same net worth.”

    Renter and buyer end up with similar net worth over 25 years.

    a_wild_dandan, 2018-11 · Recommendation · in “Housing can’t both be a good investment and be affordable”

Excerpts from Hacker News comments, linked to the originals. Summaries and labels were written by a language model from those comments.

Topics: renting, home ownership, mortgage, personal finance, opportunity cost

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