19/02/2024
Renting is NOT a waste of money. It's buying patience until you're ready to buy a home.
Just because a mortgage payment might be less than rent doesn’t mean it’s the right time for you to buy a house. There are a LOT more expenses that come with homeownership than the monthly payment.
Maintenance, HOA fees, homeowner’s insurance, fixing or replacing a busted HVAC, etc... When the home is yours, all of those expenses are up to you. When you’re renting, you’re free from that added financial responsibility.
Trust me, “house poor” isn’t something you want to be. Until you’re actually ready to buy, renting is never a waste of money.-Dave Ramsey..