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Reply to "If you liked renting would you just keep doing it?"
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[quote=Anonymous]The myth that you should own or need to own to get ahead is so prevalent but there’s nothing wrong with renting if you’re investing enough alongside. People think owning is a godsend because it’s forced savings through paying down your mortgage and a leveraged investment (you put down a small down payment but get appreciation on the full value). But the stock market historically returns more than real estate appreciation. And with renting your rent is the ceiling of why you’ll pay each month; with owning your mortgage is the floor. TL;DR: renting and owning are two valid ways of keeping a roof over your head and there are reals pros to either. The big benefit to owning is fixing your housing costs before retirement so you’re not at the whim of prevailing rates. But plenty of people who can afford to buy choose to rent and it’s fine. [/quote]
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