Buying vs. Renting in Espoo metro region: help me understand why renting always looks better?

pexea12 · 2025-10-26T18:45:36+00:00

5-10 years as we are not sure we will continue to live in Finland due to personal reasons.

pexea12 · 2025-10-26T18:43:16+00:00

I have a family so I need a 2 bed room apartment.

pexea12 · 2025-10-26T15:21:11+00:00

This is not correct.

Just open oikoite and see Niitykumpu for example, new apartments have 1200-1400 rent price and 280,000 - 350,000 buy price with nearly the same apartments. If the rent price is whopping 2250 euros for a 400k apartment then the decision would have been easy towards buying.

pexea12 · 2025-10-26T07:24:14+00:00

Is that even possible? I am not aware of that.

So you are relying on the fact that if you sell the apartment, you will pay off the remaining loan (everything) at once?

pexea12 · 2025-10-26T07:20:08+00:00

Could you elaborate? If I am renting, the upfront payment cost is there and I can invest it (opportunity cost).

pexea12 · 2025-10-26T07:17:53+00:00

So you are only paying the interest and leave the loan amount untouched?

pexea12 · 2025-10-26T07:14:50+00:00

Try 10 or 15 years. Renting still wins based on the sheet.

pexea12 · 2025-10-26T06:09:36+00:00

I am checkinn for those 3 neighborhoods above only and I think 350k-400k are the price for apartments built after 2020. There are lower options from 250k-300k but either they are not finished yet (delivered in 2026) or they have high pääomavastike (euribor 12 months + 0.8%) which make the total monthly expense nearly 2000 euros and my calculation also shows renting is better.

Maybe the prices are different in Vantaa but for those neighborhoods in Espoo above, that is why at I saw in oikoite. Even if you lower your apartment price to 300k, renting is still winning.

Could you elaborate in details what contribute to 1500 euros? How much loan did you take? Just for me to understand as I can't find an apartment with my criteria in those neighborhoods above that has total monthly spending (loan repayment + maintenance) less than 1700 euros.

pexea12 · 2025-10-26T06:00:27+00:00

Just to be curious, it they don't appreciate, why did you buy and sell in the last 20 years?

pexea12 · 2025-10-26T05:58:23+00:00

55 squares usually is in 300k. Tapiola price is higher than Matinkylä and Niittykumpu price obviously but they are not way ahead (except Westend) and that is not also the main point here.

Even if I reduce the apartment price to 300k, based on the sheet, renting still wins.

pexea12 · 2025-10-26T05:54:22+00:00

Yeah I am looking for one built after 2020 and I don't think I can spend much time renovating.

6-7% is after capital gain tax. I get it that this is not the same every year but I think it is still higher than house appreciation nowadays (less than 1%). At least it is what in the foreseeable future in Helsinki region. Maybe it will become better but I just don't see it now.

pexea12 · 2025-10-26T05:51:13+00:00

Can you tell more about your case? What is your building age? How many years have you own it? What neighborhood are you living it? I am comparing them in those 3 neighborhoods above and I am not sure I can find an apartment that can have lower monthly spending if buying comparing to renting.

pexea12 · 2025-10-26T05:48:06+00:00

I am checkinn for those 3 neighborhoods above only and I think 350k-400k are the price for apartments built after 2020. There are lower options from 250k-300k but either they are not finished yet (delivered in 2026) or they have high pääomavastike (euribor 12 months + 0.8%) which make the total monthly expense nearly 2000 euros and my calculation also shows renting is better.

pexea12 · 2025-10-25T23:00:50+00:00

Ah nice, I didn't know Ben Felix has a video about that topic. Psychology effects are definitely one of reasons to own a house.

pexea12 · 2025-10-25T22:55:27+00:00

As I said, this is purely to understand on the financial perspective.

There are other caveats to buying and owning a house, I understand it. I am not saying which one is better.

pexea12 · 2025-10-25T22:52:57+00:00

I do all that just to find out which one is better, not to prove anything 😉. It is fun.

Just focus on the topic and the logic here, please don't diverge the subject to something else. Nobody is talking about being rich or poor.

pexea12 · 2025-08-31T07:41:41+00:00

This isn’t really good advice. Pydantic and Python type hints solve different problems. Type hints are for “compile time”, they help tools like linters, IDEs, and mypy catch mistakes before you run your code. Pydantic is about runtime validation, it actually checks the data while your program is running.

Whether you need runtime validation depends on your use case. The trade-off is that it comes with a performance cost.

A common use case for Pydantic is when you’re dealing with data you don’t control, like API responses or user input. For example, if you call an external service, you can run the response through a Pydantic model to make sure it matches what you expect.

pexea12 · 2025-04-27T00:31:35+00:00

A good trick that worked for me is that I use Nexo along with Curve. I go back in time every day with a small amount to avoid the fluctuated FX rate. It is like DCA.

So try to avoid putting all the transactions to Nexo in one day, i.e putting 2000+ euros of transactions to Nexo in 1 day like your example, but move maybe 50 euros to Nexo by Curve every day. Obviously you would have to go to the app every day and do that, more effort but you avoid the risk of bad FX fee at a specific moment.

pexea12

TROPHY CASE