Bad Decisions

The only bad decision is the one you can’t handle.

If you’re looking to move and deciding between whether to buy or rent, the only thing that matters is whether or not you can deal with the consequences of either.

Buying a house will require laying out a lot of upfront cash. Maybe you don’t care because you’re looking to diversify your investments anyway. But if giving up a large swath of cash is going to cause financial strain or even just the feeling of it, then maybe buying isn’t a good idea even if it’s the smart investment choice.

Renting requires paying off someone else’s debt and being okay with it. But it does offer more flexibility financially and down the like if you’re looking to move.

Anything can be rationalized. In the end the smart decision is the one you can live with.