# Rent Vs. Buy Myths That Ruined the Housing Market **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [March 20, 2008, 8:44am UTC](https://forums.speedlife.net/t/rent-vs-buy-myths-that-ruined-the-housing-market/45333 "2008-03-20T08:44:25Z")\ **Posts on this page:** 1\ **Showing post:** 14
**Author:** ![d3x](https://avatars.discourse-cdn.com/v4/letter/d/8491ac/32.png) [@d3x](https://forums.speedlife.net/u/d3x)\ **Post date:** [March 20, 2008, 10:13am UTC](https://forums.speedlife.net/t/rent-vs-buy-myths-that-ruined-the-housing-market/45333/14 "2008-03-20T10:13:54Z")
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. --- _[View the full topic](https://forums.speedlife.net/t/rent-vs-buy-myths-that-ruined-the-housing-market/45333)._