Question for people who read about and think about history and finance:
In a sustained economic downturn, is it better to be renting an apartment, or to own a house?
There are a bunch of risks and benefits either way. Rent drops as times get rough, mortgages generally do not. Renters are somewhat vulnerable to their landlord going bankrupt, where owners have “local” control over their finances.
Any good references on this?
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