Buying a property in your early 20’s vs renting 🏡 Here are my personal thoughts.

[THREAD]
When deciding whether it’s a good idea to buy or rent, the first and only thing I really care about is the performance return over the long term. Am I better off buying vs renting and investing the difference?
This thread won’t answer the above question, but rather, will provide a different way to consider your own decision....
About a year ago I considered buying rather than renting. I felt that building equity through a home was the way to go. I decided against it for numerous reasons.
So the pandemic hits. People lose their jobs and income. Property prices drop sharply, along with rentals as landlords become desperate to find tenants.
With the current work from home system in place, mid way through June, I decided to contact my landlord and discuss the potential of moving out, as I had no reason to be living in that area anymore as I was not going into the office....
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