LogFAQs > #908890359

Forgot to mention that with a mortgage, you can usually recoup a good deal of the money you put into it when you go to sell the house. Assuming you put down a healthy down payment and bought the property at a good price, you should make money when selling.

Whereas with rent all of that money vanishes. It's fine to rent because most of the maintenance is the landlord's responsibility and your only problem is to pay the rent. In fact for some people/lifestyles it might be better to rent, because you have less worries/responsibilities.

But if you want to be a savvy investor, then owning your own property after putting down a healthy downpayment and paying it off in the next 10-15 years (30 year mortgage is fine if the interest rate is competitive) is a no brainer
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