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Originally Posted by Teh_Bandwagoner

I certainly agree that renting is not always a bad option for the very reasons you've stated. Some of my younger friends and co-workers have been looking at purchasing or renting, and I always tell them not to dismiss one or the other, and to go with what makes the most sense both financially and personally.

But with interest, condo fees, property taxes, etc., you do get pride of ownership, as well as a greater sense of stability. Because with renting, you never know when a landlord is going to come out and say you're out of there. And any changes you make to the place pretty much requires a landlord's approval. Basically, renting means you're just using someone else's stuff.

And paying their mortgage.