Tag Archive

Throwing Money Away (Buying vs Renting)

By dreeves

I'm tired of hearing people explain that paying rent is throwing money away. Of course, they don't mean that literally. You're getting something for that money (a place to live). But with a mortgage you're building equity, right? Doesn't that fundamentally make more sense than renting? No. "Building equity" just means turning some of your... »

The Real-Life Tragedy of Myerson and Satterthwaite’s Impossibility Theorem: A Tale of High Drama, Intrigue, and Duplicity

By dreeves

When rent prices plummeted throughout New York City, we were a little galled to see a small increase in rent on... »