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Don't Buy, Stay Renting - Here's Why!


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Everyone seems to be saying since the housing market is down, it's a good time to buy. They couldn't be more wrong. Maybe, just maybe, it's an okay time to buy a home if you have perfect credit, a huge lump of cash (I'm talking 10k ) to put down, and are willing to jump through all kinds of hurdles to get a loan. . . but that's just ridiculous.

Renting is just plain better. It's better because it makes you richer.

Here's how:

Don't invest in a house. . .invest in stocks and stay renting. Businesses are much better investments than homes or cars. The average return of investment on a business (stocks) is 7 %, while shockingly the average return of investment on a house is ZERO! And don't even get me started on cars. . . they depreciate more than you could imagine.

It's a common misconception that you are throwing money down the drain if you are renting. Renting can be an extreme advantage to you if you play your cards right. Imagine you have a mortgage payment on a house of $1200/ month. Tack on another $300 for taxes. Now compare that $1500/month to an average cost of renting an apartment which is around $850. You have a difference of $650 dollars.

Now. . . you can pay $1500/month on something that has on average. . . no annual return in value. Sure, you may be able to sell the home one day and break even, but what's the point.

On the other hand. . . rent an apartment for $850 and invest the remaining $650 in stocks in a business and you will see annual returns and on average will make money on the deal. Seems obvious to me.

Renting and investing in stocks is just a better financial decision than owning a home.

Plus, when you take out a loan to buy a house. . . you become locked in to that loan for the entire term. Whether it is 15, 20, or 30 years, you OWE someone money and must pay that every month. When you rent you don't OWE anything. You pay your rent monthly and are free to do whatever you choose after the term of your lease.

In summation, if I can pass down any advice to my fellow Apartmentites it would be this:

Don't listen to all the fidder fodder about buying a home. Stay renting. It's cheaper, easier, more free, and a whole lot of fun. Then invest in stocks and make yourself a little spending money.

For more tips and info on apartment living visit,

Jeff's just a regular guy with a funny goatee that really enjoys people and life. On top of that he is a bit of an expert on apartments, living in them, and getting the most out of the apartment living lifestyle.

As a Managing Partner of Apartment Home Living, Jeff wants to help you find the right apartment by getting to know you. Not only where you want to live & what you want to pay, but what you like. This way, we can help you find an apartment that fits your personality, not just your budget.

At AHL Apartmentites have a platform to share their own stories, get great info & tips on apartment living, read Jeff's entertaining blogs/stories, find Answers to a wide array of apartment related questions, and have a ton of fun sharing their love of apartment living with others. Don't forget to go and set up your own MyPlace page to really get the full Apartmentite experience!


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