Quote:
Originally Posted by Neeper
But you can not build any wealth or assets if you rent.
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I always did shared accomodation and never paid more than $500 a month for rent. Even with todays market if you can wrangle up two room mates you should be able to get into a decent place with all costs for less than $800 a month. When I was renting I had no problem stuffing aside 13 grand a year into an RRSP on a 60k a year wage. Today at over 80 owning a house and having a wife making 50.....I can't even save half as much as I could in my renting days. Yes I was single and it was an advantage. But I see too many peopel saying renting is no good you can't save money. I say BS, if you try hard enough you can. Also when your folks don't live in a place where working oppurtunities are that great....you need to make a go of it on your own. Had I stuck around where my parents lived and not been willing to rent....I never would have had half the oppurtunity or made a quarter of the money I have.