Roughly speaking, if you save the difference between the rent and mortgage price, you should end up with the same upside that a purchase would have netted (although if rent > mortgage, then renting only makes sense for a short term stay).
Roughly speaking you might wind up with the same upside. I consider rent+invest the more risky option even if you do have the discipline to do it, since there are lots of scenarios where you wind up behind.
What does winding up behind mean? It means being 85 years old, retired, and not having enough money to pay the rent. I think it's worth buying a house just to have the peace of mind of knowing you'll have somewhere to live once you're retired.
Yeah... Peeps I know in the Republic of I who bought are average 100K in negative equity, meaning, even if they sell, they still owe 100K. The risk depends on the market levels. 7% annual rent to price, or 3.5 times median income is the general long-term trend (OECD report), and if your house is way above that then worry.
Roughly speaking you might wind up with the same upside. I consider rent+invest the more risky option even if you do have the discipline to do it, since there are lots of scenarios where you wind up behind.
What does winding up behind mean? It means being 85 years old, retired, and not having enough money to pay the rent. I think it's worth buying a house just to have the peace of mind of knowing you'll have somewhere to live once you're retired.