It Often Costs Less to Rent
"It often costs less to rent. The annual cost of owning a property, be it a house or a condo, is usually greater than the cost of renting, after taxes." Kiplinger's Personal Finance by Knight Kiplinger.
"The housing industry is huge, and it spends a lot of time propagating certain myths about homeownership, myths like:
- If you rent, you're throwing your money away.
- Owning your home is a forced savings plan.
- Home ownership is a path to wealth.
There's no question that buying a house makes sense for some folks, but mainly for non-financial reasons.... But financially, it's not usually the best bet." "Does Renting Make Sense?" by J.D. Roth
