I have no doubt that we would be financially better off today if we had been renting for the past 15 years instead of owning. We wouldn't have built equity in our property but we also wouldn't have spent tens of thousands for a new roof, windows, central air, heater, water heater, numerous appliances, various repairs, repaving the driveway, removing and pruning trees, new siding and gutters and more. All of that money could, instead, have been padding our investment accounts.
I think the whole "home ownership to build wealth" idea is a crock.
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Steve
Join the 2009 Ebay Challenge!
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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