meckz|net - Renting usually is cheaper than owning. In really...

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“Renting usually is cheaper than owning. In really expensive cities, such as New York and San Francisco, renting is so much cheaper that it’s tough to make the case for becoming a homeowner. Buying in these markets often means settling for a much worse property or an awful commute, compared with what you can afford if you continue to rent. You’re not really throwing money away when you send a check to your landlord, anyway. You’re exchanging it for a place to live. You’re also getting flexibility and freedom — things you sacrifice when you buy a home. When you’re a renter, it’s the landlord, not you, who is generally responsible for maintenance, repairs and fixing the toilet that blows up in the middle of the night. If the neighborhood should start to slide or you get or lose a job, you can up and move, often with just a few weeks’ notice.”

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3 bad reasons to buy a home - MSN Money (via wiesen)

Once upon a time people rented till later in life (and financial security). Now, home ownership has become a “right” instead of a “reward for hard work”. The primary difference is that rights are inherent and require no effort, they should simply “be”. Fact is, some people should never own a home.

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