Renting has utility when really young and unable to lay out capital for major expenses. A renter provides most of the capital for where they rent but are under no long term expense or maintenance.
However, once you have a small bit of money saved, renting hurts you as you don't build up any equity in an asset.
Renting is a fucking scam. 90% of your income after taxes goes to paying off someone else's mortgage.
it wouldnt be so bad if maintaining properties wasnt so expensive and would be more affordable way to start out.
Renting has utility when really young and unable to lay out capital for major expenses. A renter provides most of the capital for where they rent but are under no long term expense or maintenance.
However, once you have a small bit of money saved, renting hurts you as you don't build up any equity in an asset.