Renting an apartment needs be temporary and investing in a home should be the goal. It seems to be that a lot of renters are complaisant renting and don’t take the next step to be a homeowner.
A trendy report Rent vs. Buy from Trulia explained how homeownership remains cheaper than renting with a traditional 30-year fixed-rate mortgage in the 100 largest metro areas in the United States. When you start putting your rent money towards purchasing a home, you are building equity. And it can be tapped into later in your life for renovations, to pay off high-interest credit card debt, or send your kid to college.
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