Rent-or-Buy

A friend told me the other day that he was planning to buy a house, because “renting is throwing your money away”. I guess if something gets repeated often enough, then it must be true, right?

Sigh. Renting is throwing your money away in much the same way that buying groceries is throwing your money away. At least in this climate (by which I mean, temperatures well below freezing for about 8 months of the year), having a roof over your head is pretty much part of survival.

Which does NOT mean that I think renting is always a better option than buying.

There are a lot of things that should be considered when making the decision whether or not to buy a house.

[ Coming soon … ]

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