If you’re deciding to buy or rent your home, consider this: both choices force you to depend on a partner. If you buy, you will have a banker as a new friend. If you rent, you will sign a deal with a landlord. Who’s your best new friend? Would it be the banker who will want you to pay him three times the cost of the value of your house? The guy who can take your life’s investment away from you if you don’t follow his rules that you agreed to? Or would it be your landlord who will pay the real estate taxes for you, replace your roof or furnace for free, paint your abode himself, and, if you don’t follow the rules, will take his own property back, charging you only one month’s rent?
And the answer is:
I thought so.