
Why Renting Is A Money Pit
Okay, you could argue that you don’t know if you want to stay in an area because you might move for your job or your family. Or maybe you want to explore a town to decide exactly where you want to live. Or maybe you are currently fixing your credit and can’t get a mortgage. In these cases I agree that renting is the best option. Other than that, in my opinion, renting a home is a money pit – and you don’t just lose today’s money, but tomorrow’s equity! Let me explain.