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If after reading this you're still feeling bad when someone a lot older than you says, “You'll never build equity by being a renter,” know that you can create an almost equal playing field financially by saving and investing more. Some renters like to sock away the difference in value between rent versus the full cost of home ownership, on top of their regular savings.

:redl#ight: :mar#seycope: :redlig#ht:

property investors are going to charge enough rent to cover the mortgage as well as incidental repairs, and come out with a little extra on top.

if you rent you are most likely already paying the full cost of home ownership, you're just building equity in someone else's property in exchange for having them handle the legwork of calling someone to fix shit when it breaks - with the money they set aside from your rent.

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That comparison makes sense if you're renting a whole house for the long term, but renting avoids transaction costs of purchasing and selling a home, and for a rental apartment there might not be an equivalent purchase available. There's also less risk with diverse investments versus going all-in on land that you're also trying to live on.

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