LogFAQs > #884542960

Sir Will posted...

WaterLink posted...

You can buy a house as an investment, or you can rent and never see your money again once you throw it to someone else who actually owns the place you're staying at.

There are plenty of pros to renting. And it's not like money isn't 'disappearing' when buying either between interest payments and maintenance you wouldn't have to cover if renting.

When you move away from renting, you get nothing back. When owning, you can often sell it for higher than you bought it if you make improvements, and therefore essentially upgrade to a new, better house a little down the line. Or you can just rent it out to take care of the payments on it and even make some money off it while essentially doing nothing.

And yeah, you do lose some money from owning due to interest and HOA fees if that's a thing, etc. But it's not your entire payment.
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No one sings like you anymore