Amen DWCAP. Let’s examine that statement “throwing your money away on rent”.
Paying a month’s rent gets the tenant a place to live, running water, bedrooms, electrical outlets, heating and cooling, a kitchen, a bathroom or two or three, a garage or parking places, probably a yard, for the whole bloomin family and maybe pets.
All that from a possibly underwater landlord (I’m one) who may write a bigger mortgage check monthly than your rent, who also pays your property tax, insurance, repairs, & gets to see his property value fall at least 1% each month.
