Why Renting is Better

You’ve heard the expression countless times: Paying rent is like flushing money down the toilet.

I get it. There are strong reasons for purchasing a home. I’m a homeowner and can attest to the fact that it provides my family with more stability, knowing a landlord can’t kick us out. Purchased at the right time and in the right place, a home can also prove to be a solid long-term investment.

But lately, the case for renting has been strengthening. If you prefer a transient lifestyle with no intentions of staying put for many years, don’t like mowing your own lawn, have bad credit or all of the above, home ownership is probably not right for you…at least, not right now.

But you already knew this.

If you need more convincing, here are some additional talking points over on the Mint blog. Feel free to fire them back at home-owning friends who throw you shade.

you might like....

So Money

Ask Farnoosh

“My fiancé has student loan and credit card debt. I’m the breadwinner in our relationship and have zero debt. I’m going to help him pay it off the next few years but how do we prioritize the debt? And what do you think about prenuptial agreements?”

Listen Now
all episodes