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You're not 'throwing away money' on rent, says self-made millionaire: 'I've made more renting than I would owning'

By Mike Winters@mike_wintrs,

2024-08-03

By Mike Winters@mike_wintrs,

2024-08-03

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huh

08-06

Rent will always go up, not in your pocket. House payments remains the same so you're building equity. The criteria to keep in mind is, do you plan to stay there for awhile or is it just a pit stop?

Candice L

08-06

I mean most people that rent just don’t have the means to buy a home. So they’re stuck renting. I know they down payment assistance programs but they still have to save a certain percent. And most people are being driven out of cheaper markets by people from other states who have the money and can make a better offer. No regular person is renting a mansion. Most are renting regular apartments or homes. If you have the means save up for a home it will save you money if you learn how to do some repairs and have some money in savings for more costly repairs that you can’t manage yourself.

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