Rent Vs. Buy Myths That Ruined the Housing Market

the concept is pretty simple…

you rent—> you own 0% of the shelter. but you still pay for taxes, maintenance, interest, and the home itself with the money thats going to the landlord.

you buy—> you own a percentage of the shelter. and with every mortgage payment you make that percentage increases. EQUITY

how would rental properties be such a profitable business if the guy living there was paying out less money than the guy that owns the house? this guy probably thinks leasing a car makes better financial sense.