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Reply to "Validate my view that long-term renting is a valid lifestyle choice"
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[quote=Anonymous]Financially it’s great at first and can be an easy way to save up money. My husband and I socked away a lot of cash while we were living in a tiny apartment. But eventually, the rent increases start to affect you. In ten years you’ll be paying A LOT more in rent than a mortgage you would have taken out ten years ago. Perhaps just enjoy the lifestyle and in a year or two reconsider? As long as you’re continuing to save a lot of money , it makes sense. Most of my friends who still rent are NOT saving a lot and are simply spending the difference between a mortgage/maintenance and rent. That’s when you’d be better off owning. [/quote]
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