Originally Posted By: WileECoyote
Out of curiosity, how could renting be better than buying in the US? When you rent you pay and pay and pay and never own anything. When buying, you pay and pay and pay (assuming you have the money for the mortgage) and at the end you have a house of your own?

What would be the problem? Taxes on property?


Property is phenomenally expensive where I live- the median listing price to buy a home is close to $1 million USD, and we're not talking about mansions. In cities where space is more of a premium, renters have the advantage of living in apartment buildings, which divides the cost up between tenants to live on the property.

Some advantages- you don't pay property tax or maintenance, you don't have to take out a 30 year loan, you
have more mobility as you aren't tied to a particular location (for instance if you had to move to take a different
job), and your money isn't tied up in home if you needed cash.


No one gets out of here alive.