I agree that renting is more cost-effective than buying, but after careful calculation, I still feel that buying a house suits me better. I considered several aspects:
1. Rent is pure expenditure, which is extremely high in Hong Kong, and also quite high in Beijing, Shanghai, Guangzhou, and Shenzhen. If you're going to live there, looking at a 30-year timeline, assuming rent is 30 million, this money is pure consumption, but buying a house is more complex.
2. First, a house can be understood as part of asset allocation. The allocation mindset involves buying high-risk, medium-risk, and low-risk assets. Because of this asset allocation logic, core location and good houses are considered top-tier.
3. Secondly, from an investment perspective, a house is a leveraged asset that won't be liquidated. For example, during rare opportunities like global financial crises or significant <Bitcoin> crashes, you can always mortgage the house to buy the dips - being fully invested in the market while always maintaining emotional resilience, with external funds ready to enter, creates a good mindset.
4. A few years ago, I had several houses externally and only 100,000 USDT internally. I immediately went All In on <bonk>, which multiplied several times... A good mindset helps you hold on because you can afford to lose.
5. Emotional value is crucial. Owning a house means not worrying about the landlord's son getting married and needing to move out. You'll be more inclined to buy things you like, whereas in a rented house, you're reluctant to decorate or buy items - because moving is one of the top ten human sufferings.
Let's stop here for now, I'll finish my current deal first.
