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by Eric Nies (Author)
Rent Your Way to Freedom peels back the layers of discussion in the Rent vs. Buy decision - covering both: financial implications and soft factors. Is our house the asset and investment we've been conditioned to believe? Is renting for second-class citizens? Can renting be the alternate path to freedom? Esteemed financial advisers are found on both sides of the Rent vs. Buy argument in the biggest financial (and lifestyle) decision most people ever make. We're taught to believe that: "renting is just throwing money away". We don't consider that owning a house is also "throwing money away" ...to the bank in mortgage interest, to the government in taxes, and to the time-consuming and expensive world of housing maintenance. Over time, bricks and mortar appreciate less than we think and ownership has many constraining liabilities - with opportunity costs and real cash flow implications.
