LogFAQs > #957623720

EvilMegas posted...

And again, I'm not saying it's dumb to rent an apartment or you should feel bad, it's just not a good investment for your future.

It is, however, generally a better idea than buying a house you can't afford to maintain and also a better idea than being homeless. There's a lot wrong with the rental market (mostly the fact that long-term renting is a thing and there's very little being done to curb the abject parasitism that is investment landlording), but as a stepping stone to ownership, renting makes sense. The problem is that rents have skyrocketed so much relative to wages that renting tends to preclude saving up enough capital to be able to transition into ownership.

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