LogFAQs > #967623505

The alternative is buying and that's even worse, for someone that's starting out fresh / unsure they're going to live there a long time:
You'd have to already have 15%-30% of the house value you'd buy in cash (5%-20% down payment + 10% closing costs) and it'll take you 2-4 months to look and finally buy a house.

Then, you'd have to take care of the house and property all by yourself! Roof leaking? There goes $1k to repair or $8k to replace... Dishwasher broke? There goes $100 for a service call or $1k to replace.... Underground water line is leaking? Hope you have a protection plan, or there goes $10k+ to dig that shit up and repair/replace it.

And finally, when you want to move, you have to sell the fuckin' thing and spend another 10% on closing fees and 2-4 months again.