I'll conceded that I might be missing something but houses in my area cost significantly more to rent ($1.5K+/mo) than my mortgage ($1.2K) and have a ton more restrictions (pets, modifications, etc). Every house or apartment I've rented I've had to fight tooth and nail with the owner/manager to get anytime fixed (I once had water seeping out of my kitchen floor for over 2 months in an apartment, it just finally stopped, they came out multiple times and did nothing). This doesn't even start to take into account the yearly monthly rent hikes to the tune of $50-$100. One apartment complex I lived in did these rent hikes like clockwork all while removing/closing amenities left and right.
The author here seems to be making the point that "not really that much money is going to the principal in the end and even the money that does could be better invested". Maybe that's true but it ignores a ton of other upsides to owning a home IMHO.
The author here seems to be making the point that "not really that much money is going to the principal in the end and even the money that does could be better invested". Maybe that's true but it ignores a ton of other upsides to owning a home IMHO.