Rent Vs. Buy Myths That Ruined the Housing Market.

Myth #1: Renting is Like Throwing Your Money Away
Buyers throw their money away for the first five years they own a home, because they simply give money to the bank for the privilege of borrowing money. Renters, on the other hand, pay for one thing every month: shelter. They don't pay interest to the bank, property taxes or maintenance fees. They pay rent.

Tags for this entry:  realestate 

This entry was published in March 2008.

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