Renting Makes More Financial Sense Than Homeownership
By Jack Hough
Sept. 26, 2008
I have something un-American to confess: I rent an apartment , despite having enough money to buy a house. I plan to keep renting for as long as I can. I’m not just holding out for better prices. Renting will make me richer.
I normally write about stocks for SmartMoney.com , but the boss asked me to explain to readers my reason for renting. Here goes: Businesses are great investments while houses are poor ones , so I’d rather rent the latter and own the former.
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