Buy or rent?

One of the financial questions almost everyone will ask themselves at some point is “should we buy a home or should we rent”. In Denmark, we have a very big societal pressure to buy. If you dare to question the general notion that everyone should buy their own home the answer I hear most often is: “I want to pay off on my house instead of pouring money into the pocket of some landlord”. This is an emotional response rather than a rational so I will try to dig into the math’s instead.

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