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....

Farnoosh

I can’t believe I said that (+ a new So Money record)

Question for you: What’s the worst advice you’ve ever received? That’s a tough one, right? My dear friend and #NoLimits podcast host Rebecca Jarvis asked me this question on her show this week. And I fear I may have veered off into #TooMuchInformation land. I found myself talking about things I never expected to share so […]

Continue Reading
all articles

So Money

Ask Farnoosh

“My husband and I have $30K in credit card debt from when he was sick and unable to work. We have about $300K in retirement and $50K in cash savings. Should we use the cash to pay off the credit card debt even though not having the cash savings gives me a bit of an anxiety attack?”

Listen Now
all episodes