Quote Originally Posted by Madeinhb View Post
But the amount you over pay in rent makes up for that. Mortgages are usually cheaper than rent.
It really depends. My mortgage will go up about $200 a month to buy the house I'm renting; but I am in a unique situation.
I used to not understand why some people rented, but in certain situations it makes a lot more sense than it used to. If I was someone who loved the city and didn't worry about economic collapse, I'd probably only buy rental properties and and rent a townhome for myself.