> There’s nothing wrong with renting. <
I don’t know how true it is in these crazy times. But I read somewhere that renting was a zero-sum game. You lose by not building equity. But you gain by not having to pay taxes and for repairs. Put that extra money in a good investment account and you’ll break even, roughly.
...you gain by not having to pay taxes and for repairs
That’s all built in to your rent amount.
You’re paying it.....for the owner ;-)
Jane Long is right on this. I bought my first residence at age 30, and have lived rent free for 52 years, only paying property taxes and minor repairs. I was able to upgrade residences with minimum pain using the profits from selling previous residence.
You are paying for taxes and repairs through your rent. It is built into the rent. The landlord’s profit is too.
Owning is better because you can live in the place or rent it out to make money.
I understand that owning may not be possible for a number of reasons.
A landlord stupid enough to not roll taxes and repairs into the rent is a landlord who won't be in the landlord business for very long.