Renting adds up… In a bad way.
It’s hard to see the numbers like this because you can take a reasonable rent ($2,000) and a reasonable amount of time (5 years) and suddenly $120,000 has disappeared into your landlord’s pocket.
All that money paid into rent with $0 coming back to you.
If you want to avoid this happening to you, you need to buy a house.
With a home, you’ll be able to start building equity. When it comes time to move on from your home, you won’t be left empty-handed.
Instead, when you sell, you’ll get all of the money you paid into your mortgage (plus some), which you can then use as a down payment on your next house or put right into your pocket.
That’s the magic of real estate!
