Conventional wisdom says that buying a house is smart and renting is a waste of money. After all, why would you spend your money paying down someone else’s mortgage? And this is largely true if you plan on staying in your home forever. But it breaks down over shorter time periods, and in many cases renting is actually the financially savvy move.Read more…
How Long Will it Take For Buying a House to Pay Off?
Posted May 1, 2014
When it comes to housing, should you rent or should you buy? This is a question that’s especially relevant for new parents, who are at a stage where “settling down” and creating a “home” often feels like the “right” thing to do. But is it a good financial decision? Here’s one way to run some numbers and figure it out.Read more…
Why We Don’t Own a House (Yet)
Posted April 22, 2013
Neither my wife nor I have ever owned a house. Since finishing college in 2007, I have rented 5 different apartments. Just under two years ago, when my wife and I found out we were pregnant with our first child, we were living in a tiny studio apartment across the street from Fenway Park. We needed more space. But rather… Read more
