Renting is a big waste of money
Stop renting. “The money is going nowhere,” advises Douglas. “It’s only benefiting your landlord. Not you.” The mortgage on Emron’s first house was actually less than his rent. Buying your first home is a huge commitment. But real estate has, generally speaking, proven a reliable financial asset that appreciates over time. (We’re talking long term here.) If you’ve got good credit, the current woes in the housing market could be a windfall for you. Start bargain hunting.