Rent vs Own

If you are a renter then you should consider all the facts about owning a home before you snuggle down comfortably in your rental abode thinking you have it great. If things are so great then why do most renters have no serious money in the bank? The fact is you are throwing money into the furnace and I will tell you why. First of all, you don't get any tax breaks for renting so Uncle Sam gives you back squat. Secondly, your apartment is not your asset so you will not reap any benefit when the building goes up in value. Lastly, every cent you pay toward rent goes into your landlord's pocket. Also, most first time home buyers think if they are paying a low rent payment then they are better off renting instead of buying a home which is far from the truth. Check out the rent vs own video which explains the numbers in black and white why it is better to own your own home unless you live at home for free. I thought I could live at home forever until my dad said "get out". Today I thank him for kicking me out because I would have never have met my wife if I did not venture out on my own. So, unless you plan on living with your parents until you are old and gray then I would advise you check out the American Dream of owning your own home.