The Biggest Disadvantage to Renting- Giving Away Money!

Dated: June 28 2018

Views: 240


If you're a Millennial — or have a son or daughter who is a Millennial — you've probably had a discussion about renting or buying a home. It can be a hard question to answer, especially with the steadily-rising prices of houses. 


However, there are clear disadvantages to renting:

  • Someone else controls all the rules, not you
    (such as whether you can have a pet).
  • You'll see a steady increase in rent over time.
  • Zero tax advantages.
  • You have no say if your landlord wants to move into your place or sell to someone else.

The biggest disadvantage: You give away your money. Renting means you never will have the chance to build equity in a home. Instead, you give that opportunity to your landlord.

Blog author image

Joan Risgin

I am the Marketing Director for Real Living Kee Realty.....

Latest Blog Posts

Condo For Sale - 8260 Crestview - Sterling Heights - Great Opportunity

Great opportunity for the right buyer, PRICED TO SELL. 2 bedrooms with an open living room and a good sized kitchen all with a great view of the stunning pool. 2 parking spots plus visitors parking

Read More

Home For Sale - 5300 Atkins Rd - Kimball - Stunning Home and Property

Don't miss this opportunity to live on the Black River! Surprisingly secluded, nearly one acre of beautifully landscaped property overlooking the Black River Valley. Generous sized rooms including 3

Read More

Home For Sale - 5324 Lakeshore Rd - Fort Gratiot - Wonderful Opportunity

Wonderful Lake Huron housing opportunity: 40' on Lake Huron, updated 1,588 sq. ft. home (new HVAC, updated kitchen, paint, refinished floors and vanity added in laundry room making a dual purpose

Read More

Home For Sale - 65 14th St - Port Huron - Cute Ranch

Ranch home on a corner lot. Home features a fenced in yard with an enclosed sunroom. Kitchen and bath have been recently updated. New flooring and new paint throughout. 3 bedroom and 1.5 baths. Half

Read More