Rent Your Way to Freedom peels back the layers of discussion in the “Rent vs. Buy” decision - covering both: financial implications and soft factors.
Is our house the asset and investment we’ve been conditioned to believe?
Is renting for second-class citizens?
Can renting be the alternate path to freedom?
Esteemed financial advisers are found on both sides of the "Rent vs. Buy" argument in the biggest financial (and lifestyle) decision most people ever make.
We’re taught to believe that “renting is just throwing money away.” We don't consider that owning a house is also “throwing money away” ...to the bank in mortgage interest, to the government in taxes, and to the time-consuming and expensive world of housing maintenance.
Over time, bricks and mortar appreciate less than we think and ownership has many constraining liabilities - with opportunity costs and real cash flow implications.
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About Eric Nies
After setting out into life with an economics degree, Eric Nies found himself living in a “rental only” housing market. Contrary to the ownership mentality with which he was raised, he become a "renter by choice" over time.
He found the rent vs buy decision is not so cut and dry. Concerned with the logic (or illogic) of his preference amid the litany of typical objections from friends and family, he decided to research the issue - originally for himself. The resulting analysis shows that renting may be viably better decision than owning - contrary to what conventional wisdom would have us believe.
The American Dream is no longer inextricably linked to ownership. Renting can be a positive path to freedom!