Home ownership

Say theoretically you come into enough cash to buy a home outright with no mortgage. Ie. no more rent for the rest of your life.

Is this a smart financial move? If not why would you be better off renting.

Why would you not want to use leverage?

Its an asset if you rent out the other rooms to earn income to pay land tax.

how much does the house you want to live in cost vs how much is your rent currently
will you move into a different apartment if you don't buy, and how much will that cost

these are the only questions that matter

Currently i prefer renting incase trash neighbors move in next door
If i was a multimillionaire that would definitely change

It only makes sense to (((own)) a home in retirement, and only if you want to live in the countryside away from normies. During your working years the mobility from renting is way more important.

>no more rent for the rest of your life
you still pay taxes guy (tho of course it is a good move - rent is a black hole you never get back)

strictly speaking nobody would call a loan with installments leverage.
leverage would be like if you pulled 500k out of a 1.2m stock portfolio on margin from your broker

ive been thinking of buying a house in new brunswick for like 50k before the asians start realizing how cheap that is. dont even plan on moving to it anytime soon

if you have enough on the side to buy cash, do it