If you have an option, always better to rent instead of buying.
Why?
First of all, if you technically are a quadrillionaire… the best life is the life with the least amount of stress, worry, and bullshit. This means renting is superior:
No stress associated with maintenance, upkeep, and bullshit.
For example I got some rich friends and they tell me the stress associated with having to maintain their properties in the south of France. But the problem:
Their bank account (overseas) is locking them out. Therefore they gotta go through all this bullshit (hoops) to un-lock their international bank account.
(more…)