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renting: Renting Makes More Financial Sense Than Homeownership - 10/01/08 06:51 PM
I have something un-American to confess: I rent an apartment, despite having enough money to buy a house. I plan to keep renting for as long as I can. I'm not just holding out for better prices. Renting will make me richer.
I normally write about stocks for SmartMoney.com, but the boss asked me to explain to readers my reason for renting. Here goes: Businesses are great investments while houses are poor ones, so I'd rather rent the latter and own the former.
Stocks vs. Houses: Returns Shares of businesses return 7% a year over long time periods. I'm subtracting for … (0 comments)

 

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