There’s no arguing there’s costs associated with owning a home. But the adverse is also true; there are also definite costs associated with NOT owning a home. The benefits of buying vs. renting has always been a hotly debated topic, with most people believing that — at least in the short term — renting is more cost effective. But most people don’t consider the hidden costs of not owning a home and sinking all of your money into your rental.
Here are four sneaky ways that not owning a home will cost you:
1. Your pricing is never guaranteed When you own a home: there are no surprises when it comes to your monthly housing costs. Once you lock in your mortgage, your payment will remain constant throughout the length of your loan (unless you decide to