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Rent Vs. Buy Myths That Ruined the

posted by Jason Kottke   Mar 19, 2008

Rent Vs. Buy Myths That Ruined the Housing Market.

Myth #1: Renting is Like Throwing Your Money Away
Buyers throw their money away for the first five years they own a home, because they simply give money to the bank for the privilege of borrowing money. Renters, on the other hand, pay for one thing every month: shelter. They don’t pay interest to the bank, property taxes or maintenance fees. They pay rent.