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Old Posted Jun 10, 2011, 5:04 PM
WarrenC12's Avatar
WarrenC12 WarrenC12 is offline
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Join Date: May 2007
Location: East OV!
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Quote:
Originally Posted by agrant View Post
Well, you do kinda throw away money when you rent. When you buy a place, the equity slowly changes, and over time you build up a big nest egg. How many people who rent actually put away as much money? If you can afford a place, why would you choose not to buy???
Looking around today, most places cost more in interest and taxes than rent. That's throwing away money 101. Plus tying up your credit.
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