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Renting Is NOT Necessarily Throwing All Your Hard Earned Money Away!!

Renting

And, now that every single real estate salesperson, mortgage broker, home insurance broker, home inspector, home appraiser is mad at me, let me explain.

 

There’s a common perception that renting is “throwing money down the drain,” but that may or may not be true depending on your situation.

 

Your home for many is the biggest asset and the biggest single liability. Where the house is taking from your retirement planning, insurance and financial planning. Then your home is more liability then asset. If you have a balanced asset and liability mix. Then owning makes sense. Renting in cases where you are renting for far less than what it would cost to own, and you are able to save or invest in your future. Then renting is NOT throwing your money away!

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