Unless you plan to stay a long time, owning a home is not the best investment. Along with down payments and mortgage payments come maintenance costs, taxes, and countless surprises, many of which will exceed the repair estimate. With a rental, you have a roof over your head without having to pay for it’s upkeep.Take the extra money and boost your savings or investments or whatever adds to your life, says Ramit Sethi, author of I Will Teach You to Be Rich. Also, a lease gives you freedom of movement when you’re starting your career.
Men’s Health Magazine – Dec. 2010