I hear a lot of people going on about "rent-vesting", where you buy a house, rent it out to other people, and you rent out another place to live in.
What is the advantage of this over buying a house to live in? Isn't is possibly more costly, since you may be spending more money on paying rent when you could be paying off more of the mortgage instead?
Added (1). @Pascal the Gambler - I didn't say you wouldn't be paying off the mortgage; I'm saying that you could be able to pay off MORE mortgage. And also, I think there's a risk that the rent you get paid will not always be enough to cover the mortgage payments anyway, so then you have to take out your own money, AND pay for the rent for the place you are also living in.
Read more: https://allmortgage.net/forum/what-is-the-financial-benefit-of-rent-vesting.html
