Don't Buy The Myths!

The National Multi-Housing Council recently published a study entitled: "Don't Buy The Myths - Renting Can be A Smart Investment."  Here's the bullet points.  Check out the full study at http://www.nmhc.org/.

Myth #1  I'll reduce my tax bill if I buy a home.

Myth #2  Paying rent is throwing away money.  I could be building equity.

Myth #3  My mortgage payment will be less than my rent.

Myth #4  As an owner, my housing costs will remain constant.  I won't have to worry about rent increases.

Myth #5  Investing in a house is a safe investment.

Myth #6  I can't afford not to buy with these low interest rates.

Myth #7  I know I'll make money on my house because I plan to stay there for at least five years.

Myth #8  Buying a house will force me to save and help build a nest egg for retirement.

Myth #9  I know buying is better for me because I used an on-line "Buy vs. Rent" calculator.

Now more than ever, renting makes sense!