Renting vs. buying, part 2

Realer talk

(First, see part 1 if you haven’t already.)

I don’t actually remember the finer points of this renting-vs.-buying NYT podcast, but my wife and I definitely talked it over after it came out, and I think I thought that the dude was very persuasive about the high cost of homeownership but missed a key idea — namely, the forced-savings-account idea of homeownership.

Whenever people talk about renting and how you can take all that “extra” money and invest it and have so much more than you would have in homeowner’s equity, it feels like we’ve taken human nature out of the equation. People tend to spend what they make.