You Can be a Renter and Still Grow Richer. Here’s How

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As reported by Lesley-Anne Scorgie for the Toronto Star, in this crazy expensive real-estate market we seem to be in right now, if you want to build financial security without owning here’s what you do instead. Rent.

In many cases, renting is less expensive than owning a home — given mortgage, taxes, maintenance, utilities, lawn care, insurance, the initial transaction costs and so on, writes Scorgie.

If you’re keen to “keep up” with your owner peers, act as if you own, and simply save the difference between the total monthly rent and total of all ownership costs. Read more on how to do that.

More rental advice:

Renting Without A Credit History

New Renters: Know Your Rights

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